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


To: neolib who wrote (229857)11/22/2009 7:05:59 PM
From: Think4YourselfRead Replies (1) | Respond to of 306849
 
re: paying down debt is what should happen in good times.

But it hasn't happened that way, which is why we have $12 trillion of debt right now. Most of the money spent in the last year won't be paid back. NONE of the trillions to be spent on health care will be paid back, other than some tax revenue that they will also fritter away. The government will just keep racking up debt until something snaps. When that happens all hell is going to break loose and I don't want to be in this country when it does because there is likely to be a lot of violence and/or suffering.

Thus my anger at this inept government and the incredibly STUPID people who think one party or the other is doing a good job. Those people actually deserve what is going to happen to them.



To: neolib who wrote (229857)11/22/2009 7:08:39 PM
From: alanrsRead Replies (1) | Respond to of 306849
 
How have things panned out???

Message 26117825

A graph with which many are familiar, for your consideration.

ARS



To: neolib who wrote (229857)11/23/2009 1:42:34 AM
From: lifeisgoodRespond to of 306849
 
If you don't think so, just go back a year and look at all the predictions on this board about DOW 3000, and the continual bearish commentary by several well known bloggers posted here each week. How have things panned out???

Your argument sounds a lot like the guy who jumped off of a 20-story building and half way down exclaimed, "so far, everything is great."

best...

LIG