Housing Bubble vs. Great Depression

very timely message, even here in 2009. Can you update?

And people are still in denial right now. My sister told me that the economy is getting better and "how low can housing prices go?"

Pretty low

Lets look on the bright side, at least we would not have to hold our breaths on gas prices going below $2.00 a gal. anymore. But I could be wrong though.

the reason for the bubble and the depression are one and the same.. the FED loaned money at low rates to do speculative buying. in the 1920's it was stocks, in the 1980-2000's it was for homes and consumer goods.. the FED then called in the loans causing the stock market collapse & rush on the banks. they then constricted the money supply which resulted in factory closings...today they raised interest rates on adjustable mortgages, sold worthless investments labeled as AAA grade assets

PS.. loans on speculative stock buying artificially high priced stocks the value of the toxic assets fell constricting the money supply since the FED uses debt to create the money supply producing layoffs..massive debt due to deficit spending falling real income due to the inflated debt created by the FED ..the bottomless pit of the fiat debt economy of the FED.. the FED recession-boom cycle..just like in 1929 the uncontrolled greed resulted in depression instead of recession

yes but who runs the fed ??? the anwser to this lies with the same monsters bringing us agenda 21 and codex alumentarius we are fooked :(

Out of adversity comes opportunity.

I had a friend purchase 14 homes here in Houston in the 80s when we had a far more depressed housing market than today & he averaged a profit of $30K on them.

You can't do that today in Houston as our housing mkt has remained fairly strong & it looks like we'll have a housing shortage by summer, but there are other areas where you'll be able to make a nice profit.

Inasmuch as I'm in Houston I've been buyiing stks recently & 2 have already doubled.

? The speed was easy.

I wonder if Mr. N will return our essay back to us.