Quote:
Originally Posted by nostatic
.. Reminds me of some here who kept saying the "fundamentals are strong."
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hmm... Not sure who that was, but do remember McCain saying that (and getting beat-up for it.) I also
got what McCain was saying. That is, fundamentally, we have plenty of housing, plenty of food, plenty of energy .. . the ONE sector that is messed up is how we
account for everything. ...it's a book-keeping problem. To get the books in order, we have gone back to the days of lenders only lending to low risk people. What the hell is wrong with that?
The big problem we have now is centered about expectations . . .linear extrapolaters and all.