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Politics : Sioux Nation
DJT 10.47-1.7%3:55 PM EST

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To: stockman_scott who wrote (149855)10/25/2008 6:57:25 PM
From: geode00   of 361582
 
I dunno, seems like it would be a good idea to live within our means while increasing our means in reality (not just on paper) at the same time.

As nasty as this downturn is, I don't think it's all bad because the 'wealth' was built on fantasy. I hope we can put the brakes on going too low but these twice a decade bubbles are really unnerving. They create the semblance of wealth but at the end we really end up with more debt.

Every day there is talk about mortgages, housing and stocks. I can't imagine we are at a bottom when everyone's still just itching to get back in....

Unless there is, of course, another bubble brewing....ready to pop around 2005.

:)
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