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: neolib who wrote (150327)	9/25/2008 3:39:32 PM
From: MulhollandDrive	Read Replies (1) of 306849

I don't believe the bold section above. You can clearly structure an economy with zero credit. It would likely have slower GDP growth than one with credit. It would likely be a more stable system as well. chris martenson's crash course site has a segment of 'what price growth' and he makes the basic argument that over-levered 'growth' (debt) is false growth and causes mis-allocation of capital that eventually leads to speculative excess (as of course has been amply demonstrated) and that stable, sustainable growth is the best way to strong economy

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