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: JF Quinnelly who wrote (26576)	1/18/2005 1:52:32 AM
From: Elroy Jetson	Read Replies (2) of 306849

So many words of sweet flummery to disguise the very simple, Reagan economic program: 1.) Puff up demand by creating staggering mountains of debt throughout the economy. 2.) Repeat. home.pacbell.net Quninnelly Fantasyland perspective: It's magic supply-shifting wand-waving economics. Reality: Debt needs to be repaid, even in a Monetarist economy. -- Everyone likes Grandpa Reagan when he has a new credit card to pay for things. The history of Argentina demonstrates that growing debt faster than the economy is popular in the short-run. Ultimately it cripples the economy with crushing debts. .

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