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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (202545)5/15/2009 9:04:31 PM
From: saveslivesbydayRead Replies (2) of 306849
 
Hardly any public official is saying: "hunker down, save more money, do with less, spend more frugally, sacrifice ......"

It's as if it's 'un-American' to suggest that we stop consuming.

Unfortunately, IMO, our elected officials and the Treasury/Fed are stuck in this past model of "growth",
trying to recreate a debt/consumption based lifestyle that is not sustainable nor healthy.

I can actually see Dow 6K, 5K, even 1K - if market breaks to new lows it will be "transformational" to investors,
as they see the Wall Street scams for what really are.
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