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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: bentway who wrote (304909)3/18/2011 10:39:29 AM
From: pstuartbRead Replies (1) of 306849
 
since we didn't go into a looming 1930's-style depression, you can only say they were successful

We're probably not that far apart in our viewpoints, other than your statement above. You could say Greenspan and the Bush administration successfully avoided a major recession in 2003 by pumping liquidity and deregulating and passing tax cuts and the like. Kudlow and his ilk were able to beat that drum for a few years, until the imbalances caused in part by the administration's catering to WS finally imploded in 2008.

I think we're on the same path now. The stock indexes doubled, we didn't get a depression with bread lines, commerce is still open. But if you believe like I do that the imbalances that enabled all this asset inflation are almost inevitably going to bust once more, then we're just in another big multi-year eye in a storm that has to wreak havoc again when the other wall of the eye hits.
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