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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (7932)	1/6/2003 9:17:56 PM
From: MSI	Respond to of 306849

This is looking more and more like the 1930's. More property forfeitures and bankruptcies on the way? I don't see how it can be avoided. Financial manipulation alone doesn't create wealth, it only moves chairs around the upcoming Titantic economic slump. "The engine of world growth" has always been the U.S. But this time, even with $800 billion in annual deficits for the duration of Bush's tenure to make up for the downward spiral of job creation due to elitist policies, the result in 10 years would be $8 trillion more debt, without much to show for it except something very much like the class warfare that is so vocally objected to. The "Real Estate Crash Index" should start running out of gas this month, imo, and propping up the Dow with tax-free dividends won't compensate for hollowing-out of the economy. DISCLOSURE: no R.E. stocks, long only NEM and HDWR, and plan to stay that way as long as there is a Bush in office.