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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (9101)	4/9/2008 3:46:07 PM
From: jim_p	Read Replies (2) \| Respond to of 50758

I would agree with the bulls that if this were a typical down turn than we most likely would have seen the bottom and a recovery would be 6-9 months down the road, but there is nothing typical about this down turn. Bursting bubbles are always very ugly and this credit/housing bubble is the largest in history. The pain is just getting started. It would be hard for me to believe that the recession just started and all will be well in a few months. The same people that claim the recession will be over in 6-9 months were the same ones who claimed we would never go into a recession because of the strength of the world economy and before that the housing boom would never end and the housing market is no longer a cyclical market?? It took Japan a decade to run up $500 billion in losses and were only in the first year of de-leveraging and we are already hearing estimates of $1 trillion in losses. Weshallsee?? Jim