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: nextrade! who wrote (151141)	9/27/2008 7:38:52 AM
From: Micawber	Read Replies (1) of 306849

Great post, especially this part: I understand that this is a really, really bad idea according classical free-market economic theory. You know me; I am as free market as it comes. But I also know that without immediate action a lot of people are really going to be hurt. Unemployment is not a good thing. Losses on your home and investments hurt. It is all nice and well to talk about theories and contend the market should be allowed to sort itself out; and if we have a deep recession, then that is what is needed. But the risk we take is not a deep recession but a soft depression. The consequences of inaction are simply unthinkable. I know the perma- doom & gloomers will never see it this way. They won't be happy until we're all buying our gruel and firewood with gold. Get over the ideologies. Enough of the grandstanding and photo opps. Get the damn deal done.

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