The tables have turned: the greedy CEOs are no longer to blame. (credit, purchase)

[Movie Lover]

I'll shake your hand for that!

[cohdane]

Originally Posted by Movie Lover

I was just saying that the American people are enraged and bloodthirsty towards the CEOs.

I don't think the American people would like the CEOs blaming them.

Money goes round and so does the hatred.

There's a difference between having $500 million in your bank account while running your company into the ground to get $500 million more and having $100k in your bank account while trying to manage your family's expenses responsibly so you don't end up living in a cardboard box in your old age.

Hence, you can wait till prices drop a bit more and not be greedy.

It's called being frugal. Or terrified.

[Movie Lover]

So if I do what I have to do, in 50 years I will be a millionaire!!

[The Man in SATX]

Originally Posted by Movie Lover

So if I do what I have to do, in 50 years I will be a millionaire!!

Probably not in today's market. That is .. if your are investing in our market... chances are .. you will lose before you gain...

[Movie Lover]

I'm from the UK and was going to invest in the FTSE last year, but the floods called me off. Then Northern Rock and thats the game! Everything now is so going down, so I look at what I have and what I can do to get more and its slowly creeping upward in fortune for me.

I got a massive plan to get some hell of a lot of G's.

[tallrick]

High real estate prices mean that the economy is dysfunctional. When home prices are at or below 3 times income levels all is in historic balance. The economy has to reach historic balance or it will just keep building a house of cards.

[Rei]

I would say it's probably a price correction rather than deflation...

[SLCPUNK]

Originally Posted by Movie Lover

But get this: People aren't buying yet, they are waiting for things like house prices to come down before they snap them up.

I'd call that smart.

[Movie Lover]

Originally Posted by SLCPUNK

I'd call that smart.

Gordon Brown and Alistair Darling are saying thats a bad idea. While people are waiting, there is no money coming in.

[GregW]

Sometimes people are smarter than the money masters that have been manipulating them. Housing, energy and financial prices have to deflate to affordable levels before the economy can resume a realistic growth rate in proportion to the population.