[Gunslingr3]

The law of supply and demand cannot be conned. Americans will again learn to live within their means. The last generation to take that fact to heart is dying off, so it's almost not suprising it has to be taught again.

[familyofman]

"Americans will again learn to live within their means. The last generation to take that fact to heart is dying off..."

Does that mean all the stories my Father always told us (too many times to count) about the Great Depression will now become reality for the coming generation. Man, that is a truly depressing thought - that my father was right, after all.
Only the Gate's and others that already have theirs will know the true joys of "good" living, and still within their means. For the rest of us, we will need to learn to live with ever tightening belts as we slip into a lifestyle like the serfs was had.

[q_an_a]

This story shows that 20/20 hindsight is a bunch of bunk. Just 12 years ago there was so much empty housing and offices space in Dallas that eveyone thought the world had come to an end. One story said Dallas had more EMPTY office space than some cities had in their downtown TOTAL.

Then the banks got turned around, the internet jumped, telecom went crazy and the cycle was repeated. This time the banks aren't closed. This time unemployment is 6% not 12%. In 1990 100,000 dollar condos foreclosed for 25,000 and buyers got rich. That is not happening this time either.

[A. Pole]

The law of supply and demand cannot be conned. Americans will again learn to live within their means.

Or rather to live withing the means equalised with other countries (not Western European ones, since those did not embrace the free market fundamentalism yet).