Uber Doomed

[Cyberman]

How come we are ready to disbelieve boom news in boomed times and yet are ready to believe doom news in doomed times?

Perhaps the boom was actually an illusion based on multi-billions of debt. I could do the same if I had unlimited credit on my credit cards. Unfortunately I would have to pay it back one day so I would not allow that situation to happen. New Lie either did not understand or totally ignored this commonsense with regard to income and expenditure. We, and they will now pay the price !!

[TimberWolf]

Perhaps the boom was actually an illusion based on multi-billions of debt. I could do the same if I had unlimited credit on my credit cards. Unfortunately I would have to pay it back one day so I would not allow that situation to happen. New Lie either did not understand or totally ignored this commonsense with regard to income and expenditure. We, and they will now pay the price !!

Booms aren't new, they happen before busts. Anyway money is rubbish, it has no intrinsic value hence the vast amounts of pseudo-science associated with it. Western nations are getting richer despite increasing monetary debt because the real currency, energy, is being used and moved around more than ever before.

[TimberWolf]

House prices are at August 2006 prices - only 3 times what they were worth in 1991.

http://www.dailymail.co.uk/news/arti...s-paid-it.html