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

To: Jim McMannis who wrote (39952)	9/13/2011 12:56:42 PM
From: John Chen	2 Recommendations Read Replies (1) \| Respond to of 119360

" We needed austerity 2 years ago " We needed 'fraud cleansing' 2 years ago. Since there has been none such 'cleansing' is attempted, that pretty much tell the picture how messy a situation we're in. Blame no one but we may be in the wrong life-cycle of USA. Hope they stretch the good part of the life-cycle. YES, GO AHEAD, KICK THE CANS. LET THEM HAVE IT. Awesome.

To: Jim McMannis who wrote (39952)	9/15/2011 12:21:24 PM
From: John Vosilla	6 Recommendations Read Replies (2) \| Respond to of 119360

Funny no one mentioned austerity when the GOP controlled everything or seems to mention how low long term treasury rates are these days. You do realize the cutbacks will shave a couple percent off GDP. Also that the home equity extraction multiplier that was huge as a percentage of GDP during the bubble years is gone as is the driver of all those homes we never needed built during the bubble in total over 10% of GDP per year during 2003-06. All we have left is the military industrial complex built up and wars from the 'good old days' of total GOP control as everything else went in reverse since deleveraging began over four years ago