It's a great time to buy a house though. Real Estate is depressed and mortgage rates for non sub prime loans are at the lowest they have been in 50 years.


I mentioned on the other thread about the book I was reading about the market crash in 1929. The book was written in 1979. Things are eerily similiar between 1929 and now. For instance, back then they called them "pools" today we call them Hedge Funds. They both served the same purpose. in 1929 a large amount of American stocks and debt were held by the Chinese through the Shanhai Stock Exchange. In 1929 we had a clueless Federal Reserve same as we do now. There is about another 8 or 9 similiarities that I have found so far. (I am only 1/2 way through)