March 08, 2006

A picture is worth a thousand words. This I think sums it up.




Posted by blogger at 3/08/2006

4 comments:

foreclose_me said...

Whose fault?

Our leaders?

Us?

Fate?

March 08, 2006 8:09 AM
Anonymous said...

Is there a recession around the corner. Here's the last barricade of the housing bulls -- they can say, with justice, that previous housing busts have come during recessions. Without one, we may be looking at a soft landing.

March 08, 2006 10:15 AM
Brian said...

Various classes of debt as a % of GDP, as of 2004:
http://www.fmcenter.org/atf/cf/%7BDFBB2772-F5C5-4DFE-B310-D82A61944339%7D/creditmarketdebt_GDP_04.PDF

Government debt (IMHO), as of 2004 is within a normal range. Non-government debt not so much.

Of course, it's obviously George Bush's fault that tens of millions of people have decided to inflate a housing market bubble.

March 08, 2006 3:41 PM
Anonymous said...

JUST STOP IT ALREADY. Don't you trust the intellectuals primarily the globalist dreamers who say IT ALL WILL BE OK!? They say "Forget the deficits!" Support one way trade! Trust THEM! After all these people went to YALE, HARVARD, and run some the most respected think thanks. They even head the Federal Reserve.

And YOU silly little YOU doubt their wisdom!?

Globalism=Race to low wage deflation.


Globalism= The build up of TOTALITARIAN China whose persecuted people are NOT pet minorities with constituancies in Congress! Come on do you think that we would have had "constructive engagement" with ADOLPH HITLER's Germany?

The world's prosperity has been built in recent years on MASSIVE debt build up in America! But the intellectuals say... it'll be OK...

WHAT IF THEY ARE WRONG?

If it falls apart will THEY suffer? or will they arrogantly hide behind tenured jobs.

March 08, 2006 5:15 PM

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