Re: The differences between 1929 and Today
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There was alot, perhaps unprecedented, mal-investment in housing.
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Yes. The effect the rest of the economy (which is about to awash with investment as dollars come back into the economy) is going to have on the relative magnitude of that impact is yet to be seen.
I kind of suspect that after everything settles out, people's wealth is going to be shifting back to the stock market as opposed to real estate. Back in the 90's everyone was making a killing in stocks. Then we shifted to our houses. I think everything is going to swing back to stocks.
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