Friday, December 30, 2011

Insatiable US Debt and Other Jokes.


We've heard that before.In 1999 there was an insatiable demand for stocks.Remember,there were 70 million baby boomers preparing for retirement.What choice did they have?They had to buy stocks,right?Wrong....stocks went down in January 2000.In real terms,they're considerably lower now ----depending on how you adjust for inflation.Then,in 2005,remember the insatiable demand for housing?More immigrants.More families getting richer.Everyone wanted to get on the housing 'escalator 'befoe it was to late

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