posted on Feb, 15 2010 @ 04:33 PM
Keep in mind GD-I start to bottom was 1929-1933, four years. We're 2008-20xx, barely one and a half years into it and towards the end of the the
first bear market rally.
There will be repercussions from government debt for quite some time, and the fundamentals (property values/bank asset values, credit, income) have
not yet hit bottom. I would guess the housing bottom is 1-2 years off and at best will stay level 5-10 years.
The economy is an open system, government stimulus is an artificial external factor, and negative external factors are cooking in the pot (National
debts, the Iran conflict, natural disasters, trade deficits, currency devaluations, etc.). We see the direction, but not the turning points.