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Re: The Real Estate Recession You Haven't Heard About (Yet)

By: ribit in GRITZ | Recommend this post (0)
Fri, 27 Jun 25 6:48 AM | 7 view(s)
Boardmark this board | Grits Breakfast of Champeens! 		Msg. 10436 of 10447
(This msg. is a reply to 10435 by Zimbler0)
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...I thought the high interest rates were Carters legacy. I seem to remember interest rates at 17% and being told they would never go back down.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


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The above is a reply to the following message:
Re: The Real Estate Recession You Haven't Heard About (Yet)
By: Zimbler0 in GRITZ
Fri, 27 Jun 25 4:58 AM 		Msg. 10435 of 10447

Fiz > But there is a BIG problem. It is being documented by many sources.


After what biden did to the American economy over the last four years . . . No surprise.


Fiz > but there is a lot going on and the situation is *quite* hair-trigger weird wired.


Well, yeah. Remember Jimmy Carter and Stagflation? Followed by Reagan and sky-high interest rates.

Remember the Keating 5 and the Saving and Loan fiasco?

And the Dot.Com stock market bubble, Boom, and BUST.

And the 2008 sub prime meltdown.

Government ineptitude combined with a congress that REFUSES to practice fiscal sanity . . .

Remember that 10,000 page abortion of a 'obama-care affordable care act' . . . Which NOBODY got to read before they passed it . . . and the Speaker of the House saying "YOU MUST Pass this BEFORE you can read it!". And the halfwitted morons we call 'congress beasts' actually passed it.

We be Fukked.

Zim.

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