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

To: patron_anejo_por_favor who wrote (260465)7/13/2010 6:11:38 PM
From: Elroy JetsonRead Replies (1) | Respond to of 306849
 
The Dow declined to 6,547 March 3rd of last year, down from 14,165 on October 9th of 2007.

During 1930, after the crash of 1929, the Dow climbed back 50% before declining another 85% or so.

Debt liquidation is a long duration game. It's like watching a automobile accident in slow motion.

Some who remembered the 1930s told me, it was an era best characterized by what wasn't seen rather than what they saw.
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To: patron_anejo_por_favor who wrote (260465)7/13/2010 6:22:32 PM
From: Elroy JetsonRead Replies (1) | Respond to of 306849
 
"We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation."

President Herbert Hoover

Many people expected inflation during the last Great Depression, but they were surprised by deflation. I suspect it's a case of projecting the recent past into the future.
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