[Jims5543]

I heard a real estate investor say this over the weekend. I blew it off. Then I was talking with an accountant while waiting in line at a Karting track and he said the same thing. 2007 is going to be the beginning of a huge economic downturn.

The last time I heard doom and gloom like this was in the late 80's. I was wise to tighten my belt before the economy took a dump. I am considering tightening up now.

I know the real estate market here is tanking bad and the shockwaves are widespread due to the idiot politicians in this area not have the foresight to attract big business here. The entire economy in this area is centered around building houses. The cities leaders let Mitsubishi Motors slip on my along with Spripps medical research facilities. It is starting already in Porst St. Lucie Florida.

Opinions of the mindset here?

Are we heading towards a big crash?