Quote:
Originally Posted by xxxdesign-net
You talk like certain economists talked in 2007 and early 2008 who were looking at the numbers and claimed the US economy was strong and those who talked about a recession were wrong.!!
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Only that as long as ago as 2005 I was pointing out the problems in real estate on this very board.
http://www.gofuckyourself.com/showthread.php?t=470170
"This is not just a US bubble, it is a world-wide bubble and not just in real-estate prices but nearly all assets. What always happens in the manias is that people claim the fundamentals have changed and support the rise. In 2000, increases in productivity would push the Dow Jones to 36,000. Now people think there are fundamental reasons why people in Boston and Miami should be getting rich by buying property in one year and selling in the next. Bulls are a great ride for people who don't get on at the top. Those who do get bucked"