[Pops]

$this->bbcode_second_pass_quote('JohnDenver', 'A')ctually, I think he's unemployed.

While he was making that uncanny prediction of the housing crash, he was working in the housing industry.

[TheAntiDoomer]

^I believe his point is "put your money where your mouth is". The only True predictions are the ones you make with your wallet, if you TRULY are making a prediction you act in accordance with your best interest. Any yahoo can run off his mouth making predictions.

[Pops]

$this->bbcode_second_pass_quote('TheAntiDoomer', '^')I believe his point is "put your money where your mouth is". The only True predictions are the ones you make with your wallet, if you TRULY are making a prediction you act in accordance with your best interest. Any yahoo can run off his mouth making predictions.

$this->bbcode_second_pass_quote('Pops', '')$this->bbcode_second_pass_quote('TheAntiDoomer', '^')I believe his point is "put your money where your mouth is". The only True predictions are the ones you make with your wallet, if you TRULY are making a prediction you act in accordance with your best interest. Any yahoo can run off his mouth making predictions.

[Pops]

$this->bbcode_second_pass_quote('TheAntiDoomer', ' ')however we were talking about Monte's "brilliant" prediction and how he was predicting one thing and doing another.

[Hawkcreek]

$this->bbcode_second_pass_quote('', '^')I believe his point is "put your money where your mouth is". The only True predictions are the ones you make with your wallet, if you TRULY are making a prediction you act in accordance with your best interest. Any yahoo can run off his mouth making predictions.

[sameu]

$this->bbcode_second_pass_quote('JohnDenver', '')$this->bbcode_second_pass_quote('Leanan', 'H')eh. I just remembered this thread. Monte started it back in 2005, saying:

$this->bbcode_second_pass_quote('', 'I')n particular, the FED's efforts to lower interest rates have caused an asset bubble to form around real estate. People tend to over-invest when interest rates are low and when interest rates are raised to stave off the inevitable inflation, the bubble pops. That process is under way as I write this. Throughout the years preceding the Stock Market crash of 1929, the Fed did just that. The Fed set below market interest rates and low reserve requirements that all favored easy credit. The money supply actual increased by about 60% during this time. The phrase "buying on margin" entered the American vocabulary at this time as more and more Americans over-extended themselves to take advantage of the soaring stock market. Today, it is the housing market, and to some extent the stock market again. It was in 1929 that the Fed realized that it could not sustain its current policy. When it started to raise interest rates, the whole house of cards collapsed. The FED is starting to raise interest rates now for the same reason--to cool off consumer spending/speculation and reel in the trade deficit.

[JohnDenver]

$this->bbcode_second_pass_quote('Pops', '')$this->bbcode_second_pass_quote('JohnDenver', 'A')ctually, I think he's unemployed.

While he was making that uncanny prediction of the housing crash, he was working in the housing industry.

[Pops]

Could be, more like realizing the speeding train you're on will crash, either you jump and hope to survive or close your eyes and chant, no no no no.

[JohnDenver]

$this->bbcode_second_pass_quote('Hawkcreek', '')$this->bbcode_second_pass_quote('', '^')I believe his point is "put your money where your mouth is". The only True predictions are the ones you make with your wallet, if you TRULY are making a prediction you act in accordance with your best interest. Any yahoo can run off his mouth making predictions.

[Hawkcreek]

It may not be a "grand" depression yet, but in my opinion it looks like a duck and walks like a duck. If it starts to quack like a duck (pretty soon now), I think it will be a duck.
It may end up just being an American duck. In which case it wouldn't be grand.

[kiwichick]

jd; the whole world is on life support

china is growing only due to gov. stimulus

china and india both have huge problems

[sameu]

$this->bbcode_second_pass_quote('JohnDenver', '.') Personally I tend to view the current crisis not as a global "Grand Depression", but as a shift in financial and political power, as we've seen in the past, i.e.,

The decline of Spain and the rise of England
The decline of England and the rise the USA
The decline of the USA and the rise of Asia