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: BWAC who wrote (205544)	6/1/2009 11:40:51 AM
From: Smiling Bob	Read Replies (2) of 306849

The market is not celebrating a recovery of the US economy. It is celebrating the successful balance sheet cleansing of the banks and the dumping of bad debt onto the American public. It's celebrating the largest transfer of wealth in the history of mankind. Most companies are still in the doghouse and will remain there for years. For now, they're just riding the wave of "relief" that "the worst is behind." It's a sad day. Not one of rejoice. We have become the majority owners in a lot of garbage, whether we like it or not. We have been robbed, raped, and pillaged and we're told it's what is best for us. The consumer now has nothing but more debt than they know. More debt than most can manage. And they're now facing hyperinflation. The majority will not be buying anything but what's necessary to get by. The market has become a circus mirror. See what the distortions want you to see. It does not reflect the true state of J6P and for the time being, doesn't care. It will catch on once J6P comes to his full senses and discovers the scope of the storm's damage. Lots of debt, no more credit, prices out of reach, basic services gone, and slaves to the new overlords.

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