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

To: Lizzie Tudor who wrote (8341)	1/22/2003 3:43:56 PM
From: RealMuLan	Respond to of 306849

>>did the guest include the wealth effects of the 90s stock market bubble or did he conclude that was an anomaly and exclude the period? Because the 90s really fly in the face of the entire "rich get richer" argument.<< I don't think he talked about the 90's effect or anything concrete. I think his point is that the US media did a pretty lousy job in terms of telling the truth about the US economy. (that kind of illusion about wealth is only an example). And he was also amazed by the silence of the majority of the people in the US about the Bush tax cut proposal. Seems few people realize what kind of long-term damage it will do for the US economy. I guess we do think differently, I happen to like Reich and agree with him on most things he said.