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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Elroy Jetson who wrote (24776)10/24/2004 8:18:28 PM
From: X Y ZebraRead Replies (3) of 306849
 
from the speech....

Although money growth can affect output in the short run, in the long run output is determined strictly by real factors, such as enterprise and thrift.

more or less like telling a teenager... here are the keys to the new Porsche son; you will also find a credit card in the glove compartment for gas, have fun but make sure you do your homework and get a job at the end of the year... remember it is you who will have to pay the bill...

They're so convinced Monetarism is superior to Capitalism. It's like they belong to some Moonie Cult.

An interesting statement... in view of....

americamagazine.org

economics as religion ? The God of no Return... -lol

it is like giving money to the drunk, in hopes he will use it to cure himself -ggg

i've always known that economists are all nuts anyway -lol

Bernanke at the head of the Fed will crater the economy

after all... it was an economist (Paul Samuelson) who said:

"When everyone is insane, it is folly to be wise..."

and if they succeed... owning real estate seems -for the most part- safe still...

_________

correction to my earlier post I wrote:

FNM: financial engineering... is this the only weapon left against economic destruction from massive importation of jobs (blue and white collar) ? if so, how long will it last? how to protect oneself against the eventual collapse?

I meant to type "exportation" ... (I was thinking as if I were outside of the US -in which case importation would be correct)
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