http://housingdoom.com/2009/01/09/op-ed-friday-pretty-gross/ "He who defends everything defends nothing." - Frederick the Great Tue, 16 Mar 2010 15:28:08 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://housingdoom.com/2009/01/09/op-ed-friday-pretty-gross/comment-page-1/#comment-18602 Yossarian Sat, 10 Jan 2009 07:54:23 +0000 http://housingdoom.com/?p=1954#comment-18602 When frauds get discovered, the dollar value of the fraudulent assets drops off a cliff. This is the same with a 'fraudulent economy' like the US 'recovery' from the dot com recession. Lots of economists and analysts massage numbers to predict the future .... but the crystal ball doesn't work, when the numbers turn out to be bogus. That's why intelligent people keep predicting 'the bottom' of the housing market, or that 'unemployment will not reach even 8 percent this time'. The dot com 'recovery' was all based on borrowing from the future. Well, it's now that 'future'. Surpise!! When frauds get discovered, the dollar value of the fraudulent assets drops off a cliff. This is the same with a ‘fraudulent economy’ like the US ‘recovery’ from the dot com recession. Lots of economists and analysts massage numbers to predict the future …. but the crystal ball doesn’t work, when the numbers turn out to be bogus.
That’s why intelligent people keep predicting ‘the bottom’ of the housing market, or that ‘unemployment will not reach even 8 percent this time’.
The dot com ‘recovery’ was all based on borrowing from the future. Well, it’s now that ‘future’. Surpise!!

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