« Nukular Energy | Main | When The President Talks To God »


May 3, 2005

Today's Housing Bubble Post

-- by Dave Johnson

Oh Man,

And when the dollar bubble finally bursts . . oh man. If you’ve ever heard the joke about the pig, the monkey and the cork, you have some idea what to expect. Which is why hopeful talk about a “soft landing” or a “smooth adjustment” makes me laugh. By now it should be obvious: We’re not going to stop until somebody or something makes us stop – just as a jumbo jet in vertical descent doesn’t stop until the ground makes it stop.
Oh, the joke? Well, it's the kind of joke Laura Bush might tell at a correspondent's dinner, but certainly not appropriate for Seeing the Forest.

Posted by Dave Johnson at May 3, 2005 9:52 PM

Trackback Pings

TrackBack URL for this entry:
http://www.seeingtheforest.com/cgi-bin/mt/mt-t.fcgi/153


Comments

Everybody's gonna be stuck with those high mortages. But for renters in NY -- can't happen fast enough for me!

Posted by: MJ at May 4, 2005 6:45 AM

Post a comment

Thanks for signing in, . Now you can comment. (sign out)

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)


Remember me?



Email this entry to:


Your email address:


Message (optional):


Return to main page