Does anybody else realise that our stock market and homes are WAY overvalued!!!?

Question

The "doubling" of the stock market and home prices in the last 8 years is solely due to the 50% reduction in value of the dollar over the last 8 years!

Now the DOW and house prices are dropping below that - proving that we have lost money in the long run!

There is no substitute for sound and conservative fiscal planning (that means not spending more money than you take in!)

The current administration has raided the Federal Treasury to hand out sweetheart tax breaks to Wall Street Fatcats. The American public is now going to pay the bill for it - that will be in the form of a long and painful recession/depression.

Thanks a lot, President Bush and the other cast of a thousand idiots (Democrat and Republican) who made this mess possible.

Answer 1

I agree, and it will come even worse. When the stock markets crashed in Japan they at least had an export surplus to fall back on and avert the worst consequences. The US were busy during the last decades to export their industrial base to China, and won't have that option.

Apart from everything else, the only sector of US-production that still works is the military one. Not good news for the rest of the world.