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

To: gpowell who wrote (47205)	1/17/2006 1:52:37 PM
From: shades	Read Replies (1) \| Respond to of 306849

I’m guessing you are young, or have limited life experience. What does that have to do with restaurant workers drugging you? I don't see the connection. BTW, you should have asked how I could assert that wealth was increasing if wealth is subjective. You defined wealth I thought, the wants and needs of people and the ability to make goods and services to satisfy them no?

To: gpowell who wrote (47205)	1/17/2006 2:17:25 PM
From: shades	Respond to of 306849

Hoover was known as the great engineer. Yes, from what I have read, he got the fed to inflate the money supply - but that the banks just took the money and shored up their reserves from 10% to 20% and the money was not hitting the trenches where it was needed - so he stopped that policy and started a war on hording. We had mild deflation but housing prices never went back to pre bubble levels. Do you think banks are good stewards of where to allocate capital anymore? Or should we let the people and markets decide? I knew a couple loan officers in south ga, they were pretty crooked and the good ole boy system generated a lot of waste from what I saw - turning the allocation of capital over to different entities still does not get beyond this basic problem though.