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


To: Giordano Bruno who wrote (108461)3/8/2008 8:36:52 AM
From: Smiling BobRead Replies (1) | Respond to of 306849
 
Nice
They figured it out
Many people on this thread figured it out
I, just a fool lost in cyberspace, figured it out.
So why can't all the kings' men figure it out?
Or why did they let it happen on their watch, when the results were so frikken obvious?

What does this say about the quality of our leaders and our institutions of higher learning that are pumping out these MBAs?
ALL GREED and ZERO ETHICS.

---

Never, they point out, "have such broad and severe credit-quality problems preceded a recession. Recessions cause burgeoning financial problems to intensify, not recede. Credit problems lag the business cycle, not the other way around."

Not surprisingly, then, they mock as "bizarre" the popular notion that the economy will rebound smartly after only six months of negative growth. Instead, they warn, "The financial damage accompanying the recession will be unprecedented in modern history and the economic consequence will be dire."

As you might have guessed, thems our sentiments, too.



To: Giordano Bruno who wrote (108461)3/8/2008 9:29:28 AM
From: 10K a dayRead Replies (1) | Respond to of 306849
 
yes. that was refreshing. like smelly squid for breakfast.



To: Giordano Bruno who wrote (108461)3/8/2008 2:29:44 PM
From: Sea OtterRead Replies (2) | Respond to of 306849
 
The key to that article:

Never, they point out, "have such broad and severe credit-quality problems preceded a recession. Recessions cause burgeoning financial problems to intensify, not recede. Credit problems lag the business cycle, not the other way around."

Not surprisingly, then, they mock as "bizarre" the popular notion that the economy will rebound smartly after only six months of negative growth. Instead, they warn, "The financial damage accompanying the recession will be unprecedented in modern history and the economic consequence will be dire."


Generic Prozac is going to be a growth-industry over the next few years.