30, 40, 50% drops sound a bit chicken littleish to me, but I do think that real estate is primed for more fall - particularly if the economy softens.
Can you hear the tumbleweed rolling? I launch a frontal attack on Hougan's manhood and...nothing.
What are you missing? A LOT. Rarely have I seen such a convoluted tangle of reasoning and mixed metaphors. It really is hard to imagine gold bugs singing kum-bay-yah.
Matt read my China/Gold blog yesterday and told me that he "just doesn't get" gold investing. And I'm sure many of you are with him. But I know as well that there's a big pocket of "goldbugs" among index investors.
It's hard not to notice the continual buzz around China and the finite amount of gold in the world.