Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Giordano Bruno who wrote (108464)	3/8/2008 11:22:57 AM
From: Think4Yourself	Respond to of 306849

"Recessions cause burgeoning financial problems to intensify, not recede. Credit problems lag the business cycle, not the other way around." I am thinking that this case is different. Credit problems will both lead and lag the business cycle. The excessive use of leverage was growing, and making the economy look like it was growing. It was a virtuous cycle, not grounded in reality. Once it stopped the leverage had to stop. The economy was never in the condition it appeared to be. We know housing was in a bubble. We know the credit markets were in a bubble. I believe our entire economy was in a bubble. It was created by debt, just like the other bubbles. It's starting to burst and things are going to get very ugly. Our next leader is going to be a joke. We get to choose from three pathetic Senators, all of whom actively contributed to the current problems. Anything who thinks one is better than the others should go look at their voting records. They are ALL losers.