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To: DRBES who wrote (256566)	10/9/2008 10:43:35 AM
From: neolib	Respond to of 275872

If by unwind, you mean get RE prices back up to the bubble peak, that might be about correct, a decade. I seriously doubt we are going to see anything remotely like a depression. If anything, I would guess US manufacturing revives a bit, because the $ will inflate at some point, and foreign goods are not going to be quite so competitive compared to US goods over the next decade. This is largely beneficial IMO. Along with that will be the realisation by the world at large that American financial genius is to be taken with a grain of salt, and that too, is beneficial, both for them and for us. You need to keep firmly in mind that this financial crisis, due to the power of the internet, is going to have many orders of magnitude more yapping about it than the great depression, but it is a mistake to think the amount of yapping on the internet, cable, TV, etc means the reality is worse.