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: John Vosilla who wrote (302404)	1/6/2011 11:45:46 PM
From: Skeeter Bug	Read Replies (1) of 306849

>>You are way too extreme as decent real GDP and job growth sustained for many years can turn things around<< the non borrowing GDP is down 25% in 3 years and still dropping like a rock at about 8% per year - and this is before the busted governments lay off millions and taxes are raised. but you didn't know that. the only thing that can grow a debt based monetary economy is more debt. there is reason the federal debt has to increase every year and they are so desperate as to reduce the SS payroll taxes 30% even though SS is completely broke. it will have to be more in 2011 and even more in 2012 or the house of cards falters in an instant. they will run up the deficit as fast as they can until interest rates smack them in the face - what will 10% interest rates do for america's GDP? how about 12% mortgage rates? you "all in" yet? i know i sound "extreme" compared to the people who tell you lies that you love so much. reality is lining up to be a b* and i'm simply telling you in advance.

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