3.01.2009

Real Estate Bubble Bursting


This is incredible, it shows the ascension of the market from 1890 onward in inflation adjusted dollars – note the year 2000 move, the last date point is 2006 on this chart. Can anyone guess where this chart will end up? I’d say it’s going to be close to that 100 mean point, counting in that this market will overshoot on the downside. God help the American economy!

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