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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (109538)	1/6/2015 8:02:11 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 220005

Can you imagine how stark the 2000 to 2008 period would have been without the real estate bubble? Of course the real estate bubble ended up costing more than it would have to simply keep all the newly unemployed on welfare following 9/11. At the time I pointed out there was no real estate bubble after Pearl Harbor was attacked, nor a real estate bubble in England when Hitler began bombing. But the post-9/11 real estate bubble in England and America seemed absolutely normal to most people - just so logical that war makes people want to "cocoon" and fix-up their homes. The 9/11 even made the English want to buy vacation homes in Spain. Of course most of the new mortgages issued after 9/11 didn't you require you to document your income or assets, only the ability to sign your name. That might have had something to do with the sudden "urge to cocoon." Most of the people I've talked to said the "Cities to Nowhere" in China were mostly paid for with "dark money", from unreported income, bribes, embezzlement and other corruption - so there's no loans to go bad. Simply crooks who made $3 to $4 trillion of bad investments with their Beaucoup de Loot.