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: Jim McMannis who wrote (165971)	11/21/2008 9:12:27 AM
From: DebtBomb	Read Replies (1) of 306849

Son, you are missing the big picture. I'll give you one example: This crash pretty much only took 3 months....and wiped out 50% total so far. It took years to unwind the dotcom bubble. We are now below the 2002 lows which took 2 1/2 years to get to, 2000-2002, from Dow 10,700. This time, Dow 14,400 was only one year ago and we're now below the 2002 lows. Back then we had a surplus....bush wiped it out. We also had positive savings. This is the biggest disaster ever in world history. This is the Greatest Depression. The giants are crumbling to their deaths under bush/cheney's watch. Period.

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