To: John Vosilla who wrote (124578 ) 11/13/2016 10:16:51 AM From: bart13 Read Replies (1) | Respond to of 217815 Am sure you have looked at this before butt how do we reconcile what has happened since it topped out first quarter 2008? I view it a lot as the continuing shock from the false and widely believed "truth" that housing never goes down, not terribly unlike the 9/11 social shock and the more recent Trump shocks. The "establishment" has failed so many times since roughly 2000 (and before) that CONfidence in the US establishment and banksters (aka, the "magic" of more debt) is seriously faltering, as witness only a minor bounce in total mortgage debt since early 2015 or so. Also note that the chart has no corrections for inflation so the huge growth before 2008 is quite overstated, even if one just uses the bogus BLS CPI-U, or especially the silly OER based pricing, especially since 1982. A case can also be made for bad/false inflation calculations since 1968 under Johnson's Great Society guns & butter tax and spend programs and the growing gap between actual total medical spending and CPI-U share of medical spending, as covered on my CPPI page. Taxes not being included in CPI-U also helps a lot in presenting a false picture, especially given their huge growth since the 1960s. Trump sure may be able to relight some of the "debt is good" fires for a while, along with bankster BS PR and seriously flawed economic "thinking", but the hard economic facts IMO just mean that it will be nothing but more failed hope and change on the longer run. Hell, even $hillary in private mode was moving toward private "financing" of SSI and other one worlder false solutions like war and world government "control".