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


To: John Vosilla who wrote (12576)3/18/2011 1:18:21 AM
From: bentway  Read Replies (1) | Respond to of 119360
 
I agree w/you. Posted on the other thread about it, since it's "political"! Actually, it's more like existential!



To: John Vosilla who wrote (12576)3/18/2011 10:28:01 AM
From: pstuartb8 Recommendations  Read Replies (1) | Respond to of 119360
 
This isn't either personal or political. I'm convinced the economic decisions of the last two administrations, at a minimum, have been controlled by WS, and WS doesn't have our best interests at heart, to say the least.

The imbalances they let build up by 2007-8 have been built up again. They are even worse this time, with even more debt and derivative exposure, and I believe they have to blow up again like they did in 2008. I don't view that as doom and gloom, I view it as cause and effect. The problems aren't centered on real estate so much anymore. Now they are centered on government debt and WS derivative exposure.