Arkadyevitchizing America since 2006
By the time you panic, it is way too late -- Lee Raymond, New York Times, July 6, 2008
Every gun that is made, every warship launched, every rocket fired, signifies a theft from those who are hungry and not fed; from those who are cold and not clothed. This world-in-arms is not spending money alone; it is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. Dwight D Eisenhower, 11/16/53
Monday, November 19, 2007
This guy says 1997, too
Apparently, John Talbott is the most respected financial analyst who agrees with me. Now, I'm not saying that housing prices will return to their 1997 levels. Perish the thought. I'm saying real housing prices will return to their 1997 levels. Inflation will handle some of the adjustment.
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