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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Dr. Jeff who wrote (131998)10/31/2001 2:10:44 AM
From: patron_anejo_por_favor  Read Replies (2) of 436258
 
<<More Real Estate Bubble management that will greatly exacerbate the size & duration of the bust.>>

Agreed. US banks and financial institutions are proceeding down the same path that we have criticized Japanese banks in taking...namely, avoiding recognition of bad debts at all costs. Our bubble was bigger, our savings cushion is smaller, and yes, it will end worse for us than it has for them.
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