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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (100905)1/20/2008 5:10:20 PM
From: lifeisgoodRead Replies (2) of 306849
 
Hopefully you are correct, but this didn't happen with the Bush team. They spent and spent and spent with no restraint, on all they could for years. Having nothing to do with election promises. It was just spending for spending's sake.

It did happen with the Bush team the last time there was a recession and the market plummeted (around 50%) as a result. The S&P fell from around 1520 to around 775.

I expect the same this time around, perhaps even worse since the last recession was "mild" by historical standards and this one may well not be.

best...

LIG
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