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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: CalculatedRisk who wrote (299108)12/20/2010 11:22:37 AM
From: DebtBombRead Replies (2) of 306849
 
Saturday, August 21, 2010
Gerald Celente : Real Estate has a lot more to drop

Gerald Celente with Max Keiser On the Edge - 20 August 2010
Gerald Celente :"There are twenty million vacant homes in the United States the foreclosure rate keeps climbing , there is no recovery , real estate has a lot more to drop " "it takes time for these things to hit the people , they believe in hope , Hope by the way is the most negative word in the metaphysical dictionary , they believed in change that they thought they could believe in , so they gave it a little time , but as they're losing their jobs they're losing their homes , you getting these kids out of college with no jobs living with mommy and daddy who are probably paying for their cell phones and their rent and they are hundreds of thousands of dollars in debt ""as a Bronx guy my saying is : when people lose everything and they have nothing left to lose they lose it , and that's what people are at right now....""we had forecast in October of 2009 the beginning of the second American Revolution you're going to start seeing it , it's taking place in the streets as you pointed out as it did in Atlanta few days ago..."

geraldcelentechannel.blogspot.com
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