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: Pogeu Mahone who wrote (278641)	9/26/2010 12:49:58 PM
From: John Vosilla	Read Replies (1) of 306849

<Mr. Volcker was also pessimistic about a recovery, saying, “It’s been so difficult to get out of this recession because of the disequilibrium in the real economy.”> Things seem to be at the exact opposite point of when Volcker saved the day in the early 80's. Only parabolic gold and high oil prices are really comparable. Very low interest rates go a long way towards recovery and return to balance. Imagine we'd certainly be in horrible stagfationary depression with the working class much worse off if interest rates were anywhere near what they were back then.

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