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Anonymous
Anonymous
18 years ago

I heard this on BBC radio
I heard this on BBC radio the other day, let’s see if I can remember the quote correctly: “recession is the period where the excesses of the previous boom are corrected”

NotARocketScientist
18 years ago

Great article, Rich.
We seem

Great article, Rich.

We seem to be at that Wile Coyote moment where he has dashed headlong off a cliff but gravity has not yet taken hold because he has stubbornly refused to acknowledge it’s existence.

Market psychology is a fascinating thing.

Beep! Beep!

sdduuuude
18 years ago

HA!

HA!

Jim Brubaker
18 years ago

I don’t think that we should
I don’t think that we should be looking at this as a one item event.

Its all interlinked to banks, stock market, interest rates, unemployment etc.

If foreigners stop buying our bonds, interest rates will climb (You can’t blame Bernanke, he’s pushing on a string)

A real bad stock market drop could vaporize the mutual funds market.

Earthquake anybody (aren’t we about due)?

There is no fear yet just a lot of inventory.

Anonymous
Anonymous
18 years ago

There are some great books
There are some great books out on real estate cycles, and what we’re looking is the tail end of the 18 year cycle, the last time it was around was in the late 1980s. So, it makes sense there’ll be a correction. How big is another question, and that is the unknown that is scary.

rona