[RoninLB]

the Fed Reserve created this mess imo.

it's more complicated on this RE cycle because the debt has been able to parcel itself off into small nuggets of derivitives that leaks through much of the debt market afai know.

Some talking heads speculate that the total hit to our economy will be $300B.

Currently I'm following my personal opinion leaders like Steve Forbes, Ken Fisher [Forbes mag], Brian Wesbury, and Larry Kudlow.

that bs said, around $300B is about the size of the hurricanes hit in the Gulf, the stock market will survive+, and cash in the RE market will soon be king.

as a side note.. at the peak of the last RE curve in the 1980s people were literally banging on my door in this small beach town offering me $275k. A year later the going $ for a sale of my house sunk to $180k. Right now the area is down about 10% from peak. The fast money is gone and only optimism remains in many minds. Banks are slowly raising standards and hopefully will tighten real hard. I've been scoping out RE that I'll jump on when cash is king again.

If the boys listed above are correct I'll be sitty pretty.