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Shiller Night Redux

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Following yesterday's release of the latest Case-Shiller housing data, Clusterstock's Henry Blodget tangles with another analyst about whether the rate of decline is actually declining. Brace for good times: "If this is right, and the rate of decline hasn't yet peaked, we're probably looking at a peak-to-trough decline of 55%+, not the 40% that even the more gloomy analysts are looking for. In fact, even if you think the rate of decline is peaking now, a standard S-curve would put us at a peak-to-trough decline of 50%+. So perhaps 50% is the new 40%. Which means we're totally fracked." [Clusterstock]