The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Elroy Jetson who wrote (25695)	12/8/2004 1:00:31 PM
From: John Vosilla	Read Replies (1) of 306849

<But, yes that's the really sad part. During the really hard years when Carter was President the debt didn't grow> Yet real estate went up a lot before Volcker came on board. I guess it comes down to ultra easy monetary policy creates massive misallocation of capital that always get corrected the next downturn. Only this time it appears to be all most all asset classes are looking down from the top of Mt Everest with only a few exceptions.

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