real estate real bad

[Neferti]

Annie, this thread really belongs in Politics. Could you move it, please, when convenient?

Yup, europe slowly cutting its own throat, the US will catch up in a hurry from 2012.

The 1930s will look like a picnic. Neoliberalism is a truly poisoned belief.

ne·o·lib·er·al·ism
   [nee-oh-lib-er-uh-liz-uhm, -lib-ruh-] Show IPA
noun
an outgrowth of the U.S. liberal movement, beginning in the late 1960s, that modified somewhat its traditional endorsement of all trade unions and opposition to big business and military buildup.

I would have thought you would approve of the Democrats?

[Leftwinger]

That is incorrect. They can afford it. They are choosing to save their money in what is an uncertain global financial crisis. .

It's impossible to confirm this. The official saving ratio has returned to levels that are more historically normal. However, the saving ratio is not a measure of money saved but rather, a measure of money not spent. It may indicate either a higher level of true household savings or an increase in the rate of households paying down debt. It's probably a bit of both.