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

To: Skeeter Bug who wrote (177640)	1/17/2009 3:27:29 PM
From: James Hutton	Read Replies (1) \| Respond to of 306849

Yo Skeets, I don't have the ability to compare today's numbers with 1907 numbers. Also, the actual amount at risk in derivatives is far less than $55 trillion, but obviously still significant. In any event, I'm not going to argue what the GDP of the planet is, or has been since the dawn of time, or whether what percentage of that amount has ever been wagered in portfolio insurance or bucket shops, or anything else, cause I really don't know. The important point is that the market has been brought down in the past by things like credit default swaps and it will happen again someday, just under another name. "I'm not blaming everything on clinton, just his portion - which i contend is substantial. i think cases can be made for reagan, too. bush, sr was probably the most rational - and we promptly booted him out of office the first chance we got." Maybe you could be specific about how you think one person - the evil Bill Clinton - was able to summon up so much greed.