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

To: Jim McMannis who wrote (151565)	9/28/2008 2:54:00 PM
From: Asymmetric	Respond to of 306849

Only a matter of time before Germany and France re-assert themselves We're kind of like gamblers at Las Vegas who've now lost all our money. As long as you had money to gamble with, everybody loved you. After you went broke because you lost it all at the slots and the gaming tables, the same folks who made you feel "welcome" no longer wanted to have anything to do with you. For the United States, as an economy that was about 60% consumer based as long as we bought from everybody, they were glad to lend us money and buy our debt...which only fueled our addiction. They made our dollar feel right at home. Now that it's so clear that we no longer can consume and buy goods going forward, at anything close to our previous levels, because we are flat out way over our heads in debt, I wouldn't be surprised to see welcome mats yanked from us (meaning our dollar, and our debts) around much of the world. - A.