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Politics : Stockman Scott's Political Debate Porch

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To: SOROS who wrote (2596)7/19/2002 1:43:29 PM
From: Jim Willie CB   of 89467
 
Depression will take root in suburbia, as RE values drop
this will be a long slow process
follow the bubbles
not tiny bubbles, but massive bubbles
the kind that millions of people can be inside and not know it

GreenFark built a bubble in stocks
then he ushered it toward real estate
he believed that it would be more stable there
it is, but it wont be impermeable
its foundations are getting shakey now

first layoffs
then reduced consumer spending
all the while capex spending is quiet as the Hudson Bay
then property FORSALE signs everywhere
then rapidly falling prices as no buyers remain
then FannyMae and FreddyMac implode

then gold takes off
then wars erupt and social chaos begins

gonna be wild
let's just hope the gentleman's clubs remain open
because the old lady aint gonna give it up to no poor man
/ jim
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