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

To: bentway who wrote (138411)	8/1/2008 1:40:02 PM
From: John Chen	Respond to of 306849

"How prepared are Americans for truly tough times?". No sweat, as well prepared as the energy crisis.

To: bentway who wrote (138411)	8/1/2008 5:30:46 PM
From: John Vosilla	Respond to of 306849

'Once the clownsumer stops buying, America stops working, the markets stop bulling and the death spiral begins. How prepared are Americans for truly tough times?' He suffered severe intellectual discomfort, but nothing compared to what Raveendra N. Batra, an economist specializing in cycles of history, has had to endure. In the 1980s, Batra glimpsed hard times ahead -- really hard times. He was the first to predict the depression of 1990, possibly "the worst economic turmoil in history," an event that would "plague the world through at least 1996." He followed up his best-selling book, The Great Depression of 1990 (Simon & Schuster, 1987), with Surviving the Great Depression of 1990 (Simon & Schuster, 1988), in which he told his readers to convert all holdings to cash -- a strategy that, had everyone followed it, would have been certain to bring on a crash. Few did as instructed; there was no depression robertfulford.com The real question IMHO is how prepared are Americans for the stagflation of the 2010's a totally different animal?