Results tagged “real estate” from Ye Olde Rad Blog III

Statistics suggest 2008 was the worst year most Americans can recall .. with stocks posting their biggest annual drop since the Great Depression. (Only 1907 and 1931 posted bigger negatives.)

Family of the Great Depression, liberated from a sense of futility

People who work with such statistics seem to agree things will likely worsen before they improve. Exactly how much worse is, of course, the source of much speculation. (Because nobody knows for sure.)

From what I've gathered (in talking and listening), most people are hoping for the best, but "preparing for the worst," which means they're buying nothing but essentials (.. further depressing the economy).

Might be worth noting that the worst year most Americans will ever see would still represent the best year for people living in many other parts of the world. So the terms 'worst' and 'best' are relative. (Important we maintain perspective.)

Interesting that (as someone recently noted) bin Laden's aim in targeting the World Trade Center towers was to criple the US economy .. (cuz that's how they defeated the mighty Soviet Red Army in Afganistan).

Another thing I find interesting is that everybody now claims to have seen it coming. Even at the coffee shop, I hear people saying things like, "Everybody knew this was coming. No big surprise."


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