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

To: posthumousone who wrote (269264)	8/15/2010 1:50:51 PM
From: yard_man	Read Replies (1) \| Respond to of 306849

there would be pain, too, the author of that article admits -- but it is necessary pain of a readjustment of capital that was wrongly deployed based on misperceptions arising from less than market rates for credit. The metaphor is apt -- you don't cure junkies by simply switching them to another opiate and shooting them full of that -- then say you've cured them from the original addiction. There has to be withdrawal -- how that is done is what folks can argue about. I'll admit cutting all the wasteful and useless government spending overnight would be killer for the economy -- and folks can argue about what is wasteful and what is essential -- but we need to start heading in the right direction: monetarially and fiscally. Obviously, no quick fix and obviously, there will be no guts to do anything until we are really in the toilet -- see the recent legislation that heads in exactly the opposite direction.