Submitted by no_such_reality on August 3, 2007 – 11:38am.
“Any meddling to maintain the prices will result in hyperinflation. In also results in punishing anybody that didn’t participate in an irrational market.
The chips need to fall where they fall without an attempt to artificially maintain an unsustainable situation.”
If serious measures are enacted it might be to fix ills as serious or worse than hyper- inflation and stabilize/stimulate or in other words rescue the economy. Punishing smart people won’t have anything to do with it.I don’t underestimate what this bubble can do especially combined with the other weak areas in our national financial picture. I don’t automatically buy that a correction based in rational theories is going to do it.
It could work out real nice as scheduled but it is too early to take that for granted IMO.
If big time “meddling ” comes about it won’t be to save one sinking ship it will be to save the whole fleet or most of it.
I think teasing the Realtors is funny. Even on this blog, we tend to edit and spell worse than the average poster, who tends to be highly literate.Today I have the extra excuse of holding an wiggly 8 month old in my lap and trying to keep my 3&4 year old from putting each other in the hospital.
best wishes
