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

To: Les H who wrote (202545)	5/15/2009 8:03:21 PM
From: koan	Read Replies (1) \| Respond to of 306849

Didn't tank after WWII.

To: Les H who wrote (202545)	5/15/2009 8:57:05 PM
From: patron_anejo_por_favor	Respond to of 306849

Not to mention that we started the Depression from a much lower deficit base, with ample natural (energy) resources, highly productive farmland and a population that was eager and willing to work, no matter what the task. This time it's quite different.

To: Les H who wrote (202545)	5/15/2009 9:04:31 PM
From: saveslivesbyday	Read Replies (2) \| Respond to of 306849

Hardly any public official is saying: "hunker down, save more money, do with less, spend more frugally, sacrifice ......" It's as if it's 'un-American' to suggest that we stop consuming. Unfortunately, IMO, our elected officials and the Treasury/Fed are stuck in this past model of "growth", trying to recreate a debt/consumption based lifestyle that is not sustainable nor healthy. I can actually see Dow 6K, 5K, even 1K - if market breaks to new lows it will be "transformational" to investors, as they see the Wall Street scams for what really are.