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: Skeeter Bug who wrote (241474)	3/18/2010 8:10:19 PM
From: GST	Read Replies (2) of 306849

You don't seem to grasp the dynamics of what happens when you can't finance and can't eliminate a current account deficit -- it breaks your currency. There are no choices as the currency breaks. We are not familiar with this process because it has never been our issue. It has always been the issue of banana Republics -- and now it is our issue. There is no choice to be made about 'deflation'. Just hearing you say so reminds me that this is foreign territory for many on these threads.

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