Allan, my turn. What’s your take on this stimulus effort? Part-congress, part-Fed. Part quantitative easing, part jobs support. Nobody serious believes Obama or anybody else is going to ‘save the day’. That’s talking point bullshit. We’re in a big mess.
I guess my question is, what do you think will happen? Obviously, they’re trying to monetize the imbalances, bring the system back into balance. Do you think it will work? What do you see for 2010? 2011? Is it the new Great Depression? Dictatorship “Arraya-style”? Perhaps things turn a corner by 2010?
Let me ask this another way, when will San Diego housing start to appreciate again? And I need a specific month and year… <ha,ha>
