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

To: Elroy Jetson who wrote (114629)	12/9/2015 3:58:19 PM
From: Maurice Winn	2 Recommendations Recommended By bart13 dvdw© Read Replies (2) \| Respond to of 217774

It's interesting that you think the president has very limited powers and gets a 4 year or 8 year lesson in how limited their power is, yet you think they can make catastrophic real estate price booms and crashes. < Reagan and Bush both created catastrophic real estate bubbles which badly hurt the American economy and wiped-out a big part of the lending system, so it's definitely within the President's power to create chaos and destruction. > In fact, the presidents don't determine the price of houses or property in general. The buyers and sellers do. The buyers look at the houses for sale and decide whether to buy them or not. The sellers decide whether any offers they get are good enough. Whether such price movements wipe out the lending system is up to the creditors who decide their risk management strategies to ensure profits to their shareholders. If the management of those creditors are bad, they cause their shareholders to lose their money. The president doesn't decide whether creditors take stupid risks or not. Mqurice