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Old 10-09-2008, 08:57 AM
 
Location: SoCal
316 posts, read 654,523 times
Reputation: 69

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No Quick Fix Roubini Forecasts Worsening Economy 2 Year Recession: Tech Ticker, Yahoo! Finance
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Old 10-09-2008, 08:58 AM
 
Location: Some place very cold
5,500 posts, read 20,938,886 times
Reputation: 4253
What a joke. It will be a lot longer than that to come out of this mess.
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Old 10-09-2008, 09:09 AM
 
Location: SoCal
316 posts, read 654,523 times
Reputation: 69
Quote:
Originally Posted by Woof Woof Woof! View Post
What a joke. It will be a lot longer than that to come out of this mess.
IMO Minimum 5 To 10 Years !!!!

These TOP economists make the big bucks to tell us what we already now!
ROUBINI Says' Weve been in recession since Q1 of 2008?



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Old 10-09-2008, 09:17 AM
 
Location: Some place very cold
5,500 posts, read 20,938,886 times
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It took 15 years and a world war to come out of the Great Depression (1929-1945). Several economists are hinting that we may fell into a depression.
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Old 10-09-2008, 09:29 AM
 
1,020 posts, read 2,338,088 times
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That sounds about right. Most housing bubbles take as long to clear out as they did to inflate. This started ~2001 and lasted to 2005. 4 years. Clearout should be over by 2009-2010. If you look at the bubbles on a graph, they LITERALLY look like bubbles because of hose symmetrical they are. So, this inflated housing bubble cause the big fallout of Wall St and banks and is slowing down our economy. It's about time home prices sink to the CPI so we can move forward.
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Old 10-09-2008, 09:52 AM
 
Location: Some place very cold
5,500 posts, read 20,938,886 times
Reputation: 4253
Quote:
Originally Posted by runningncircles1 View Post
That sounds about right. Most housing bubbles take as long to clear out as they did to inflate. This started ~2001 and lasted to 2005. 4 years. Clearout should be over by 2009-2010. If you look at the bubbles on a graph, they LITERALLY look like bubbles because of hose symmetrical they are. So, this inflated housing bubble cause the big fallout of Wall St and banks and is slowing down our economy. It's about time home prices sink to the CPI so we can move forward.
Unfortunately, you won't have a job and your money will be worthless by then. This isn't a bailout, it's a sale out. Both our Obama and McCain have pretty much turned on us. You'll see vacant houses everywhere by this time next year.
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Old 10-09-2008, 10:02 AM
 
Location: SoCal
316 posts, read 654,523 times
Reputation: 69
Quote:
Originally Posted by Woof Woof Woof! View Post
You'll see vacant houses everywhere by this time next year.
SQUATTERS HEAVEN !!!
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Old 10-09-2008, 10:06 AM
 
Location: Great State of Texas
86,068 posts, read 76,631,796 times
Reputation: 27642
He may mean we hit bottom then..not that it's over. The road to recovery will be painful as well.
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Old 10-09-2008, 11:06 AM
 
Location: Rockland County New York
2,984 posts, read 5,424,855 times
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My grandfather told me that in the last depression the banks begged people in Brooklyn New York to stay in their homes even though they could not make their mortgages. This way homes would not be vandalized or lived in by squatters. When the economy improved they could begin to pay again. Its not a bad idea.
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Old 10-09-2008, 11:16 AM
 
Location: San Diego California
6,797 posts, read 6,626,066 times
Reputation: 5180
If you want to get some timing insight on this, google k wave and long wave and do some study. The winter cycle is aprox. 20 years, 3 to 5 down and then sideways.
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