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

To: orkrious who wrote (171140)	12/13/2008 8:10:51 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

"Confidence, not halfway confidence, but 100-percent confidence, is the real basis for our prosperity." William Durant, Founder General Motors, May 1929

To: orkrious who wrote (171140)	12/14/2008 5:04:20 PM
From: tejek	Respond to of 306849

as Schumpeter put it, policy does not allow a choice between depression and no depression, but between depression now and a worse depression later This Schumpeter......the one who saw a bank collapse under his administration: "In 1919-1920, he served as the Austrian Minister of Finance, with some success, and in 1920-1924, as President of the private Biederman Bank. That bank, as great part of that regional economy, collapsed in 1924 leaving Schumpeter bankrupt." en.wikipedia.org From the highly conservative School of Austrian economists? He's dead...........I don't trust dead men to know my future.