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To: RexBeach
I bought my beautiful little townhouse in Alexandria, VA in 1989. It went down in value for the next seven years before the prices began turning around in 1997 or so.

The debt hangover that we have today is unprecedented at least five times worse than 1989.

This time it will take at least 15 years to unwind the excesses.

Unless the Fed hyperinflates us out of our debts.


BUMP

65 posted on 09/14/2007 6:48:22 AM PDT by capitalist229 (ANDS)
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To: capitalist229

Anything is possible.


66 posted on 09/14/2007 6:50:51 AM PDT by RexBeach ("Americans never quit." Douglas MacArthur)
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To: capitalist229

Hangovers serve a purpose. They tell us that we did something stupid.

Do you want the Fed to hyperinflate us out of our debts?


69 posted on 09/14/2007 6:51:42 AM PDT by listenhillary (millions crippled by the war on poverty....but we won't pull out)
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