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

To: ChanceIs who wrote (160014)	10/25/2008 1:41:35 PM
From: ChanceIs	Read Replies (4) \| Respond to of 306849

Nice John Stuart Mill quote from Martenson's Chapt 19: Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works.--- John Stuart Mill, 1867 ________________________________________________ So Dodd wants to destroy more capital by pumping it into a hopeless housing situation.

To: ChanceIs who wrote (160014)	10/25/2008 4:30:59 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

I am having a Minsky/Roubini moment this weekend so are we.... been studying historical charts of the stock market crash, peak to trough, , it takes over 2 1/2 years to bottom (380 down to 41)....scary thought here is we are in much worse shape demographically, economically (debt + loss of manufacturing base and natural resources) much more interconnected globally...(do we really understand the implications of a deep and protracted world wide recession?).....anyway, if you apply the percentage loss during the 29 crash over time, we could be headed for a sub 4000 DOW.... while it seems almost impossible, so did DOW 8000 just 2 months ago