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To: Arizona Carolyn
Look back at my posts here a couple of years ago when Alan Greenspan came out (even when he was no longer "the man") and said housing was going to crash... he didn't say it one time, he said it over and over until people started to get scared and stop buying houses. I kept saying when they stopped it didn't make sense since interest rates were at a record low level as was unemployment...but Greenspan said it often enough he turned it into a self-fulfilling prophecy...

Yep.
You have hit on the industry (housing/real estate) that I happen to work in. My colleagues and I have been saying exactly what you've been saying for at least two years. The fix has been in for some time now. I had forgottn that Mr. Andrea Mitchell was also in on the election fixing - - in fact, he apparently kicked it off. Figures...

FRegards,
LH

77 posted on 11/16/2008 12:09:26 PM PST by Lancey Howard
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To: Lancey Howard

Yes, it was him... Mr. Andrea Mitchell that started the negative mindset. In fact, if he felt there was a reason to worry about a pending housing crash the reasons we could have been crashing deserved to be addressed, not the negative mantra he was spewing. Now all a person has to do is walk through Home Depot to see all the different businesses negatively affected by his self-fulfilling prophecy... I think it was reckless, Schumer was reckless, Dodd, Franks and company have all been reckless and frankly I wish we could all sue the bastards... (sorry for the strong language).


84 posted on 11/16/2008 1:48:30 PM PST by Arizona Carolyn
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