Is is Good News for people buying with a lot of cash? – Page 3 – Piggington's Econo-Almanac

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July 14, 2008 at 7:15 PM #239456

kewp
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I’ll suggest that any bailout plan is unworkable and housing prices are going to crash. So he might as well wait.

Tell him to buy some gold and short the financials while he is waiting.

Every speculative bubble in history has collapsed and reverted to the mean. This one will be no different.

How many dotbombs were bailed out in 2000, for example?
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