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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.91+0.4%Nov 11 4:00 PM EST

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To: TobagoJack who wrote (13170)12/31/2006 1:07:21 PM
From: Slagle  Read Replies (1) of 217693
 
TJ,
But that is what central bankers ALWAYS DO is "paper over" problems, at least it has been that way since WWII and even before. That is their job.

The last real economic slowdown we had was 1980-1981. That one was pretty rough, but not THAT rough. And now, I just don't believe there has been any "collapse", not yet anyway, though one could begin tomorrow for all I know. Seems to me there needs to be a powerful external event of some sort, a really big war or something else that nobody here has yet considered. Maybe like August 1914.

I live 50 miles from one of the worst "housing bubble" areas in the country and have friends working there in housing. Sure, prices may decline, but who cares? The folks buying these condos and houses there are not a pack of paupers, like you hear suggested here sometimes. And if there is "vast overbuilding" there, I just don't see it. This is Florida, and these housing cycles are legend here, like the tides. I don't think this one will be any different.
Slagle
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