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

To: J. P. who wrote (9123)	2/20/2003 1:20:57 PM
From: J. P.	Read Replies (1) \| Respond to of 306849

Chart of Pompous Prognosticators gold-eagle.com

To: J. P. who wrote (9123)	2/20/2003 1:41:59 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

those are quite amusing, but you realize there are equally silly negative prognostications from the bad economic periods that have been proven untrue... I can't figure out how to find them on the web but just from memory, for example the entire Zero-sum game concept which basically said Japan would cannibalize all of the USAs wealth, that myth was popular in the late 80s. I guess you could say zero-sum still applies, because the US may have gained at the expense of Japan, but that certainly wasn't the thrust of the book! Lester Thurow was pretty much dethroned on his prognostications just like these guys from the 20s. I remember vaguely (very vaguely) being at Berkeley during black monday. A lot of economists came out and predicted a 30s style depression at that time too. Prechter and Zweig, I think were two? Lizzie