Asbytec

Is the Real Estate Plunge Really That Shocking?

It's not just the DOW, obviously. A simple market down turn has brought the world to it's knees. Now, that's surprising.

I get the feeling this recession might just feed itself into depression. Higher unemployment, more foreclosures, more pay outs, more write downs, stalled credit, few business bail outs, and round and round and down we go.

$700bn just isn't sufficient. Sigh...maybe $2trn can help us to bottom out. I just hope we upgrade our infrastructure with some of that money.