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: tejek who wrote (261105)	7/15/2010 12:57:45 PM
From: Lazarus	Read Replies (1) of 306849

if you're going to refer back to that era .... there are a few points to keep in mind. they have been discussed a lot on this thread: 1) USA was the country that was LENDING to all the other countries 2) USA was the world's industrial powerhouse 3) Europe was wiped out during WWII and USA was the prime contributor to the rebuilding of Europe. today we are borrowing from other countries to fund our deficits and outsourcing our industry abroad. its because we are in such shit-shape that some suspect that a another great war looms on the horizon. on a positive note - given this country's resilence, as Buffet says: "its tough betting against America".

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