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Old 11-09-2008, 07:55 AM  
ninavain
So Fucking Banned
 
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Join Date: Jan 2004
Location: Las Vegas
Posts: 6,268
Quote:
Originally Posted by mynameisjim View Post
Remember in the early 90's, it was recession time but a few years later the internet boom came and everyone was rich. I worked in an office and 99% of the people were trading stocks when they should of been working. High school drop outs who knew how to load Windows 95 were given cushy IT jobs. Times were great and the government paid off their debts with all the added tax revenue.

Then it busted and everyone thought we were headed for a recession, but the housing boom came. Everyone was flipping houses, their own houses doubled in value and then refinanced and spent the extra cash, even in normal towns houses were up 70%, not to mention the hot areas. Everyone was rich again.

It busted and now here we are. Something else will come along and there will be another boom..............then another bust. It's just the way it is now.
I don't remeber the FED bailing everyone out each week. That is the difference here and it's not good. We are printing more and more money, without anyone spending. I think this is our last BOOM
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