Today starts the official DOWNFALL

just watch. GDP slowing, wall street going sour, miss expectations, miss earnings, dollar sinking. Real estate even in Manhattan will decline. Mark this thread. I promise you this is the start of a decline and price-readjustments. Wall Street earnings will sour and the economy will be moving into a recession for the 08 elections. On a final note, the FED will also have a huge problem as they are... [more]

just watch. GDP slowing, wall street going sour, miss expectations, miss earnings, dollar sinking. Real estate even in Manhattan will decline. Mark this thread. I promise you this is the start of a decline and price-readjustments. Wall Street earnings will sour and the economy will be moving into a recession for the 08 elections. On a final note, the FED will also have a huge problem as they are forced to raise interest rates to 5.5 this fall/winter, mortgages will re-adjust. The reason the FED will be forced to re-adjust is because the DOLLAR is getting destroyed and we depend on foreign investment for our survival. If we do not maintain increased rates, then they will go to Europe, where the ECB is in rate-hike mode. Remember this post. It will be of value to you all. I call a 15% correction coming in Manhattan real estate before January, 2008. Just watch! Especially the area under 1M will be hit most. Best, J [less]