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

To: Jim McMannis who wrote (254190)6/14/2010 10:20:56 PM
From: coachbobknightRead Replies (3) | Respond to of 306849
 
This one made me crazy...I sat on the source link for almost 6 months...waiting for the right time to publish a story about it...forgot about it entirely and then remembered it yesterday when i saw the proposal for a state bailout...

Blodget picked it up and posted it at Clusterstock and it was also posted by someone over at Free Republic...and I think Patrick will be posting it tonight on Patrick.net...i hope that people would continue to spread the story...2 of the links i placed go to recent stories from Mish that are similar in nature, though not as egregious...



To: Jim McMannis who wrote (254190)6/16/2010 3:42:35 PM
From: SteveinTXRead Replies (2) | Respond to of 306849
 
Ain't ever gonna happen, in my opinion. The assumptions are clearly described, the first being that the guy has to work another fourteen years getting large annual increases without pause or deviation.

Like that's going to hold in today's world.

The way I see it, he won't get more than $20 million in 14 years, and by then it won't be worth $100,000 in today's dollars. So everything's fine - let the pensions roll.


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