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“–I offer one more piece of evidence that I think almost surely suggests that theend is near in this sector. While channel surfing the other night, to the annoyance of my otherwise very patient wife, I came across a new television series on the Discovery Channel entitled “Flip That House.” [Laughter] As far as I could tell, the gist of the show was that with some spackling, a few strategically placed azaleas, and access to a bank, you too could tap into the great real estate wealth machine. It was enough to put even the most ardent believer in market efficiency into existential crisis. [Laughter]
“Absent a dollar depreciation that’s now probably on the order of 8, 9, or 10 percent, the deficit is going to steadily worsen. If the dollar were to start depreciating, that would slow the rate of deterioration. If the dollar depreciation that we put into the forecast were to get as high as 8 or 9 percent, that might plateau the deficit”.~Johnson
“One thing we can be sure of is that the value of the dollar will be worth 100 cents.” [Laughter]
Originally posted by bozzchem
He who laughs last, laughs loudest.
Those associated with the Fed realize they are on a sinking ship and most of us will only throw them a line if an anchor is attached.
Best of luck to them...well, not really. May they all rot in the darkest pits of hell.
Originally posted by mnemeth1
reply to post by robinmorningstar
The market will put an end to the lies by destroying the currency.
The market always wins in the end.
Just ask the former Soviets.