Originally Posted by tony
I wouldnt necessarily say its the beginning of the end, the Great depression was significantly worse off than we are. I have seen graphs that show the Great Depression being 20 times worse economically than what we have now.
What is going on now is an ongoing cycle, the economy has a strong run then it corrects itself, its nothing out of the ordinary BUT we have a government that isnt exactly helping the process move along like it should. Interest rates have been above 20% in the 80's, gas prices have sky rocketed before.. it all happens but believe it or not, those who make a fortune do it in times like these.
It all depends on how you look at the glass.. at half empty the economy is falling apart, the housing market has tanked etc. At half full there are tons of real estate steals to be had, and we have seen the worse of this decline and beginning to move upward.
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