Reply #15: Yep - I watch it pretty closely

[FreakinDJ]

Personally I think a lot of the talk of the "Double Slump" is BS.

Yes you can go thought the recorded history of the stock market during the Great Depression and track the Double slump but that was caused by a completely different set of circumstances then we have now.

First off the FED did nothing - for way too long. This was the policy of the then Fed Chair in 1929. Secondly they did have a Recovery Program of sorts but it has devised and implemented by the same folks that Manipulated and RAIDED the stock market in 1929, (JP Morgan and company). Not at all like the TARP program (which is arguably flawed) or the Reinvestment Act we have today.

As for Dr. Housing Bubble - BIG FUCKING DEAL - everyone with 1/2 a brain saw the Bursting of the Real Estate Bubble coming. Just that most could not imagine the 40 - 60% loss in value. I personally thought it would be more like 10 - 20%. A better question would be who here at DU trusted the "Re-Fi Economy" Bush devised and implemented.

and yes - I had been calling it the "Re-Fi Economy" since 2003