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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: patron_anejo_por_favor who wrote (204140)5/25/2009 3:10:37 PM
From: SlumdogRead Replies (1) of 306849
 
.....look at the state of the REAL world as reflected in the crash dive in tax receipts which have been suffered by governments all over the world. Consider the fleets of merchant ships at anchor despite the fact that the cost of transport has plummeted to levels at which every container is carried at a LOSS.

In the middle of all this stand the financial markets, clinging to the illusion that the real capital necessary to create and maintain a productive and prosperous society can be run off a printing press, or "guaranteed" by an entity which produces no wealth of any kind but merely confiscates and/or redistributes it. Markets have clung to this illusion many times in history, but the contrast between "green shoots" and economic reality has never been as stark as it is today.

the-privateer.com
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