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

To: Mike Johnston who wrote (45876)	10/18/2011 12:23:47 PM
From: TH	7 Recommendations Respond to of 119362

MJ, Agree with one exception. It will not take 100 years. I think more like 5-10. We are much nearer to the end that many might believe. I've been blabbing that 2014 is the turn year for a long time (at least since 2005). What happens? Well that nasty GDP to Debt ratio passes ONE. And that ain't good. In the past we could pull off this crap, but we had Nazi's to fight and then later, we were the only game on the planet. Now, you know we are no longer the true center of the economic universe, but we do like to pretend. I think the books will be written much sooner. And it is my great hope that Greenspan lives a long, long time. Long enough to see his name and legacy utterly destroyed and vilified. As it should be. GT TH

To: Mike Johnston who wrote (45876)	10/18/2011 12:30:07 PM
From: bentway	Read Replies (1) \| Respond to of 119362

It's all cyclical. Don't you think it's unbelievably stupid that people would invest fortunes in tulip bulbs? businessweek.com ..or, before that, in the boundless wealth of the south seas? thesouthseabubble.com ..and then, there's John Law, who invented paper money to finance his Mississippi bubble! mshistory.k12.ms.us It's not like things have just suddenly gone crazy. The amazing thing is, the period of relative shared prosperity and general stability we're currently exiting. I like to think of it as the Keynesian period. The period when government believed it could, and attempted to, smooth out these cycles.