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

To: Jim Fleming who wrote (108492)	3/8/2008 2:20:15 PM
From: Box-By-The-Riviera™	Respond to of 306849

a meagre attempt, but pretty straight forward. and like dominos, once one falls, they all fall. the problem is, all of assurances upon assurances were based on a non-systemic happening. if one or two little dominos fall, things were seemingly designed to remove them from the line. but when you have massive failure, the system cannot function as planned, particularly when it was planned with free, cheap money. the cost of "real" risk keeps everybody in line. when it ceases to exist, when risk is no longer priced properly, when a junk investment pays the same return as a superior first class investment, then a free-for-all occurs. there's no market set of relative risks and rewards to keep everyone minding the store and the investment. all of this has taken place outside the banking system. outside the control of central banks. it is beyond their control to fix it short of lip service, currency debasement, and a new round of created debt... robbing paul, to rob paul again....and peter at the end of day still gets nothing, has nothing, and what he has left, is plundered. it has taken place outside of the banking system for reasons that no longer matter, other than to say, the very people from central banks to congress, who are supposedly in charge of the save, in fact allowed these circumstances to occur in the first place as institutions. blame of course is for the history books. self preservation is the number one job right now, and there not a minute to be wasted in that effort.