AvlGuy

Let's Not Emulate the Hoover Administration

I believe that Jimmy Lathrop is spot on with regards to the unheralded benefits to society from lower and more realistic valuations of hard assets (homes & condos) and liquid assets (tradeble securities). The Unwinding of debt and over-leveraged positions is engendering a badly over-due devalaution of hard assets which, despite the fear-mongering, will not evaporate into airborne carbon molecules that destroy all life as we know it.
Bring on the new valuations and new owners of these assets!