debt deflation

[joanna bujes]

At 07:58 PM 07/26/2002 -0400, you wrote:
>I can't recall if you covered this in Wall Street or not,
>but I was wondering if history provides examples of
>corresponding Market and Real Estate bubbles and the timing
>of these events.  More attention has been given lately to
>the American housing market and its febrile spike in
>valuation: following Fisher's logic, wouldn't one expect to
>soon see a glut of sellers looking to liquidate their
>biggest asset, especially if their nest eggs had recently
>been robbed?

It's not a glut yet, but the WSJ had an article on Tuesday of this week 
about retirees starting to sell or reverse mortgage their homes for extra 
income.

Joanna