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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (7704)1/1/2003 11:10:36 AM
From: J. P.Read Replies (1) of 306849
 
<< Somebody on the MITA thread thinks this economic period and 2002 specifically is *much much worse than the great depression>>

I think we're on a period of borrowed time right now. The natural course of events has been altered by the "real estate boom" which has artificially (via Fannie, Freddie, and the Fed) pumped billions into the hands of middle america (the bagholders as borrowers and taxpayers) and temporarily propped a sagging economy. Government has also been spending building nice deficits and shortfalls at both the State and Federal levels.

The piper will be paid, we will regress to the mean. The only question is when.
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