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

To: John Vosilla who wrote (111992)	5/17/2015 10:49:14 AM
From: Elroy Jetson	Respond to of 218228

There were many who scoffed at even the concept of "The Residential Real Estate Crash" board, yet we merely honestly reported what was occurring. Many of us highlighted the preexisting errors of Greenspan's policy response to the Asia Crisis which in turn had resulted from Japan's failure to adequately address the 1980s real estate bubble, which led to the collapse of the Savings and Loan industry in the United States and the insolvency of most banks in Japan. The only people surprised by the collapse of the post-9/11 real estate were those who wanted to be lied to, just as many of these same people prefer to believe alternatives to reality today. Most amusing were those who over-generalized specific problems into larger visions of global apocalypse predicting imaginary problems like food shortages which came true only for those allowed themselves to be financially destroyed by the real estate credit bubble. I pointed out that their two years of emergency food stores would not fit into their automobile after their home was foreclosed. Gold had a modest advantage in fitting into their glove box which could be traded at a pawn shop for money which could be used to purchase essential daily food readily available at deflationary prices. Experience can occur repeatedly without creating understanding in some people. It's sad. But that's what makes markets profitable for those who see clearly.