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Strategies & Market Trends : 50% Gains Investing

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To: Crossy who wrote (94063)9/15/2010 8:43:09 PM
From: John VosillaRead Replies (2) of 118717
 
The business cycle wasn't recovering much post 9/11. If the housing/credit bubble weren't forced onto the American people we would never have had the downfall we did the past three years.. It would most likely have been a tepid real jobless recovery like the early to mid 1990's but then GWB would never have been reelected. He learned his lessons from his dad on many fronts.. By late 2004/early 2005 the housing/credit bubble was so out of control and few were talking about it being any problem to deal with which astounded me. I was so fortunate to find SI to bounce this stuff off a few smart people back then. Look at the posts now versus then and it seems the masses timing was way off.. Heck Warren Buffet didn't see the housing bubble until his financial weapons of mass destruction call late in the game so I guess the conspiracy was limited to Wall Street insiders who really understood derivatives and CMO"S before they were household names.. We barely even talked about it until 2007 cause Wall Street protected that black box..
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