The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
I suggest you look here and see that I was predicting the train wreck in December 2005.
People predicting some type of train wreck before it happened were a dime a dozen. My wife and I started shedding debt as a conscious strategy I think it was in 2007. We had some idea that we were in a housing bubble a few years before then with massive real estate debt (rental) - We actually managed to more or less finish the process of shedding debt a few months after the crash started in the US.
A little bit before the crash the professional association that pretends that it represents all landlords in Ontario came out with a report on the rental business:
Property taxes were up, vacancy rates were up, rents were not keeping pace with inflation, and rental units were selling for record amounts.
The details of what was going down were not necessary to figure out something was going down and it wasn't pretty.
I was talking about the crash with my mother - and if I remember rightly Greenspan's comment that nobody could have predicted...
Could he really have been that stupid, or was he lying?
As far as criminal activity goes, the US is now fairly clearly a two tier justice system.
aspiring to genteel poverty
by Frank Schnittger - Jul 17 24 comments
by Frank Schnittger - Jul 9 97 comments
by ATinNM - Jul 12 8 comments
by Frank Schnittger - Jul 18 5 comments
by Oui - Jul 14 1 comment
by ARGeezer - Jun 29 9 comments
by Frank Schnittger - Jul 5 39 comments
by IdiotSavant - Jul 2 33 comments
by Oui - Jul 181 comment
by gmoke - Jul 18
by Frank Schnittger - Jul 185 comments
by Frank Schnittger - Jul 1724 comments
by Oui - Jul 1618 comments
by Oui - Jul 151 comment
by Oui - Jul 141 comment
by ATinNM - Jul 128 comments
by joelado - Jul 11
by Oui - Jul 111 comment
by Oui - Jul 118 comments
by Oui - Jul 101 comment
by Frank Schnittger - Jul 997 comments
by Oui - Jul 94 comments
by Oui - Jul 93 comments
by Oui - Jul 8
by Oui - Jul 64 comments