Tuesday, Feb 27, 2007
It means buckle your seatbelt, Dorothy, 'cause Kansas is going bye-bye
National Post: Stocks end sharply lower on China
Some friends of mine keep asking me "So when is this big crash going to happen then". I tell them, be patient, you'll see the first creaks soon enough.
THEM: "Yeah, but you've been saying that for the last 5 years - and my house is now worth 5 times what it was 5 years ago, so you're the mug"
ME: "True enough, but tell me, have you actually sold and realised that profit or are you just mewing like a cat on LSD? When the stock market tightens credit, your house may resemble an engine block strapped to your body as you are thrown into the River of Financial Despair"
Posted by lvmreader @ 10:06 PM (616 views) Add Comment
2 Comments
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1. harold said...
lvmreader, you are awarded a prise for this week's most ceative headline. Very funny.
2. Dohousescrashinthewoods said...
lvmreader, cracking!
Glorious Sunshine, can we have some lyrics and a tetchy, eyes-closed assertion that asset prices never decrease?
Given that median house prices in the US has fallen 1% per quarter for the last 3 quarters straight, and that Gordon's economy is firmly hooked to Mr Bush's trailer, if Mr Bush has gone over the cliff, have you decided to sell your BTL yet?