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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Les H who wrote (257375)6/29/2010 4:45:55 PM
From: DebtBombRead Replies (1) of 306849
 
"Time to shut down the US Federal Reserve?"
"Actually, Greenspan never got a Phd. His honourary doctorate was awarded later for political reasons. (He had been a Nixon speech-writer). But never mind.

LMAO.

People just don't get it.
Reagan didn't do jack, neither did Clinton. They're all legends in their own minds. All of these clowns just took credit for economic expansion....and were in the right place at the right time.
The baby boomer earnings and spending years that began in 1982 did it all.
Now....it peaked in 2007.
10,000 baby boomers retire every single day, 3 million per year until about 2022.
This is the inverse and compounded by a debt bubble and peak oil.
Now....the financial crooks are just trying to rape the baby boomers and what they have left and they're doing it. Look at mortgage equity. Look at the debt.
Notice all of the advertisements on TV for drugs and other crap boomers might buy? And, they always play music now from the 60's and 70's in their ads.
Younger folks probably don't even know the songs or how old they are.
Greenspan, LMAO....he recently admited he was wrong 70% of the time. That's almost a grade "D".
How can anyone look up to any of these clowns?
I'll tell you one thing as a baby boomer....they aren't getting my money or taking me down with them. They can GFT's.
I think the Dow is going back to some kind of long term trend line....maybe 3800? It was just under 800 in 1982. This is going to be interesting to watch go down.
We're entering the greatest depression....no doubt in my mind.
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