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

To: mishedlo who wrote (35994)	7/22/2005 12:07:19 AM
From: Don Green	Respond to of 306849

Mish The bubble only burst when an extreme Central Banker took excessive actions to produce a soft landing and caused a Crash. If that hadn't happen at that time their bubble might have lasted much much longer. Then a few years later when the economy was about ready to take off again the govt. imposed a consumption tax which again caused a crash. Then followed a general consumer spending rebellion toward the govt as a whole. Families just stop spending except for essentials, that was strike three. American consumers can't control their spending like the Japanese did which in the end brought down numerous Prime Minsters.