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

To: bentway who wrote (148462)	9/20/2008 8:05:04 PM
From: jmiller099	Respond to of 306849

Scary thing is that while they were right, the situation may in fact be irreperable. Another possibility is that they were right on observation, but unable to make recommendation to change course. Even if they made a recommendation, it was untested and might not have worked. We may be most in need of a time machine. Failing that, hopefully this populace can learn from its mistakes and the schooling make standards more difficult to pass instead of less all the while teaching pertinent information and how to think.

To: bentway who wrote (148462)	9/21/2008 7:58:45 AM
From: DebtBomb	Read Replies (4) \| Respond to of 306849

I think you're too optimistic....I don't think they're going to get us out of anything. I would argue that they are guaranteeing we go into depression.

To: bentway who wrote (148462)	9/21/2008 7:20:28 PM
From: Perspective	Respond to of 306849

<Let's get the guys that were RIGHT. Fleckenstein, Roubini, Krugman - this thread could provide the list, and let THEM solve the clusterfuck.> <RANT ON> RIGHT ON!!! That's what we need to do!!! In a way, that's SUPPOSED to be the function of a balanced market, and supposed to be the outcome of successful short selling in a bear market. Those who were intelligent, saw it coming, avoided the pitfalls, and played their cards right in the downturn, they accumulate the capital and get to redirect it during the next cycle. Our job as shortsellers is to DENY ACCESS TO CAPITAL for those who acted foolishly during this cycle. Instead, we've got Mother Government trying to step in and INCREASE access to capital for the very same idiots that got us into this mess in the first place! If there's one thing that this whole mockery of capitalism has made clear to me, it's the truly patriotic purpose served by the short seller. We are the archangels - we deny access to capital to those who acted imprudently, and redirect it toward the areas that represent sound investments. My gains from the down cycle, assuming I have any left after Paulson gets done changing the rules of the game, will be invested in alternative energy and biotech. I'm proud to be a short seller, and will continue to do so as long as asset prices need to fall, and as long as it remains a legal endeavor. <RANT OFF> `BC