amy5708
Recycles dryer sheets
- Joined
- Feb 10, 2008
- Messages
- 53
According to this, I should wait until 2013 to buy a house!
This is a good article on historical bubbles and recessions.
"The next bubble: Priming the markets for tomorrow's big crash" by Eric Janszen (Harper's Magazine)
from the article
"Our economy is in serious trouble. Both the production-consumption sector and the FIRE sector know that a debt-deflation Armageddon is nigh, and both are praying for a timely miracle, a new bubble to keep the economy from slipping into a depression. "
His FIRE is not the same as the FIRE here.
This is a good article on historical bubbles and recessions.
"The next bubble: Priming the markets for tomorrow's big crash" by Eric Janszen (Harper's Magazine)
from the article
"Our economy is in serious trouble. Both the production-consumption sector and the FIRE sector know that a debt-deflation Armageddon is nigh, and both are praying for a timely miracle, a new bubble to keep the economy from slipping into a depression. "
His FIRE is not the same as the FIRE here.