1% interest rates

[tw]

Originally Posted by SquidGirl

Also - tw - I just gotta say....you are smart!

I was never smart. I simply spend much time learning the facts behind what so many others knew - but could not specifically cite. None of this is complex. It's all in the newspapers today or years previous when I was being so poltiically incorrect by posting these warnings. Just wondering how many so doubted when I discussed that falling brick labeled "Housing prices".

Despite rumors to the contrary, I read far more than I write. How long ago did we know we had a problem? (My first indication was in 2001 when the Norwegian foreign minister said George Jr would destroy the Oslo Accords.) From the Economist of 16 Jun 2005:

Perhaps the best evidence that America's house prices have reached dangerous levels is the fact that house-buying mania has been plastered on the front of virtually every American newspaper and magazine over the past month. Such bubble-talk hardly comes as a surprise to our readers. We have been warning for some time that the price of housing was rising at an alarming rate all around the globe, including in America. Now that others have noticed as well, the day of reckoning is closer at hand. It is not going to be pretty. How the current housing boom ends could decide the course of the entire world economy over the next few years.

3 years and 2 months later ...