The problem with the "post crash" business as usual...and "buying opportunity" scenario this time around is that things are just NOT the same as before...
The FED has already rised rates to levels that have yet to work through the housing market...the speculative froth is off the house market... It's not just a matter of buy and hold...it's a matter of finding a buyer at anywhere near the price you PAID for the house in the first place...
The costs of the wars in the middle east are almost totally OFF THE BOOKS and have been ignored by the media but perhaps not by serious investors.
And the dollar is now WELL OVER 132 on the Euro...so much so that Airbus is in trouble on plane sales because of the weak dollar... But amazingly the weak dollar will not help the US manufacturers much...because frankly they don't exist anymore...!
The main exports of the US are scrap metal and paper...and some agricultural products...IN RAW FORM!
THE TOXICITY OF THE GLOBAL ECONOMY IS NOT GOING AWAY ANY TIME SOON FOR THE US ECONOMY....
AND THAT COULD MAKE THE RECENT CHINA PROBLEMS...
WELL....
"DIFFERENT THIS TIME...?!"
