The bubble in housing actually came around the sa
Post# of 65628
Posted On: 10/05/2016 1:33:04 PM
Quote:
The bubble in housing actually came around the same time as the dot-com bubble. The difference between the two was the FED. The housing market was slowing down pretty heavily...and we started to see the Bankruptcies getting heavy around 2003.
As you can see by that art......neither have a decisive plan to get growth up and running.
Well that's a lot of lag time from '03-'08. I know that I saw my property valuation continue to rise right up to the collapse.
Lake front situated probably insulated me somewhat, but didn't prevent a precipitous drop in valuation that has recovered maybe 80%.
As for the relative merits of the candidates economic and tax plans?
Only one is being described as 'laughable among most economists' and as 'magical realism'.
How else to describe an increase in Defense spending and an infrastructure expenditure twice as large as Clinton's proposal, both in the teeth of massive tax cuts.
I'll say it again. 'Improbable President trump' will sit down with his economic advisors who will tell him flat out that he can't do what he wants and have his tax cuts too.
He will then raise taxes on the top 1% claiming that he said all along that those people and himself could afford it, that they should pay more.
The increased revenue still won't be enough to cover his expenditures, and we'll be skipping down the 'yellow brick road' of deficit spending.
The silence from the right will be deafening.
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