Quote:
Originally Posted by Swingblade
I agree it is encouraging news that employment numbers are a lot better, I will eat my crow I was expecting a drop off. I have known you awhile and we have both read the book ' The Creature from Jekyll Island". You might recall that the stock market had a significant drop then it rallied for a couple of years and then there was the crash in 1929. Could history be repeating itself?
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History always repeats itself. If you read the book, you must have seen the parallels with all crashes and bailouts of the past and 2007-2008 meltdown. I re-read that book in 2008, knowing the book was written well before 2008, and everything was happening exactly as it was written in the book and the same way it has always happened. It was almost like a script. Of course this time it was bigger, but it was still the same. But you have to remember that you can always make money on the ups and the downs. I believe that right now it a great opportunity to make money on real estate.