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Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 38,239
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I hope you're correct, but each time we go thru this, one has to wonder. I'm old enough to have seen several recessions. I still assert that the '90-92 debacle was a depression as far as CA was concerned. We now have numbers as bad as then and no end in sight. Of course, I was not alive during the Great Depression of the 1930's. In my mind the only difference between that deal and the current deal is that stock was owned on margin. Not that many mortgages then, not like now. What is really the difference?
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