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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: ggersh who wrote (253894)6/13/2010 4:41:34 PM
From: PerspectiveRead Replies (1) of 306849
 
<Your right and wrong as history is a good guide for where
they eventually will go. Just my 2 cents, FWIW.>

My point was that, in a lot of ways, all we've managed to do two years later is go 'round in one great big circle. We're right back where we started, and absolutely nothing has changed - except we accumulated a couple trillion dollars in government debt. None of the bad debt has been restructured, no new sources of income have been created for all of our stimulus. We didn't get a high-speed transit system, we didn't get a huge alternative energy Apollo mission, and we didn't wean ourselves off imported oil.

Oh, but at least a bunch of the money borrowed ended up in the pockets of Wall Street, so they're a bunch richer.

Way to go Timmy. I guess you work for the guys that sign your paycheck.

`BC
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