I’ve been reading the Market Ticker for over a year now, and I have to admit that for the most part, Karl’s been spot on. Some of his political observations are a bit over the top, but I can’t fault him for his market perceptions. Scary thing is that he feels our economy is going into a depression, possibly to exceed GD1, due to the failed policies of our gov’t. If that prediction/observation comes true, then what’s to prevent house prices coming down 90 percent, as they did in the 30’s? I’ve heard that some houses (not like the ones in Detroit) were selling for $100. Adjust that for today’s dollars, and houses could be as cheap as $10,000. For real.
