Because one day we will bow down? LOL!
Posted on 09/21/2006 8:02:27 PM PDT by GodGunsGuts
The worldwide rise in house prices is the biggest bubble in history. Prepare for the economic pain when it pops
NEVER before have real house prices risen so fast, for so long, in so many countries. Property markets have been frothing from America, Britain and Australia to France, Spain and China. Rising property prices helped to prop up the world economy after the stockmarket bubble burst in 2000. What if the housing boom now turns to bust?
According to estimates by The Economist, the total value of residential property in developed economies rose by more than $30 trillion over the past five years, to over $70 trillion, an increase equivalent to 100% of those countries' combined GDPs. Not only does this dwarf any previous house-price boom, it is larger than the global stockmarket bubble in the late 1990s (an increase over five years of 80% of GDP) or America's stockmarket bubble in the late 1920s (55% of GDP). In other words, it looks like the biggest bubble in history.
(Excerpt) Read more at economist.com ...
;OP
You wouldn't recognize an informed fact if it bit you.
If you ever post one, we'll test that hypothesis.
No, actually it isn't. I'd tell you what is, but then I'd have to kill you,as they say, and it is "inside information". I don't think that you can afford it anyway. ;^)
Because one day we will bow down? LOL!
I'm not trying to "sell" anything. I could care less if the gold bull passes you and your anti-gold (read: irrational) posse by.
You will bow before me, son of Jor-El! Oh yes, one day, you will bow before me!
I don't know how that applies, but I felt it had to be said...
In comes the waves?
I thought it was.....it isnt until the tide rolls out until you see who isnt wearing a bathing suit?
Pray tell. And be SPECIFIC. What I'm I making up?
LOL................that's hysterical!
Oh sure, chester. That's credible. LOL
Read my post again. It's obvious.
See!
Ummmmmmmmmmmmmmm...that's not accurate nor factual. On this thread, alone, you have encouraged people to buy gold several times.
son-of-Jor-El was banned this week; in case you didn't know. LOL
The gold bull?
Are you referring to your shiny metal god?
Of course I do. When you post a fact, I'll recognize it.
As usual, you are all talk and no action. You're afraid to define your position because you have no idea about what your talking about.
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