You know, it doesn't really seem that bad. Oil prices have come down, the Euro is trading at $1.30, not $2.00 and I still have food. I understand that real estate and construction are hard hit but it just seems like a market correction, not the end of times. I know that retirement accounts are taking a hit but if we can bail out banks, we will bail out retirees.
Wait until all the boomers leave their homes for nursing homes and cemeteries. That's going to leave a huge glut of housing on the market. You think we have real estate deflation now? I'm going to buy a brownstone and two McMansions in twenty years.
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