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| User Info | 1990 vs now; entered at 2007-12-02 14:52:31 | |||
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Drchaos Posts: 1646 Registered: 2007-09-03 sandy eggo, kallyfornyia 
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1990: long before peak oil. Home prices were slightly elevated w.r.t. incomes by Case Shiller indices, the only honest index worth a damn. Emergence of Chinese industry was globally deflationary. Cold War ending. Communism discredited. Islamism limited to Iran, which appeared to be moderating. 2007: at peak oil. China surging, and increasing massive demand is turning globally inflationary for essential commodities. Home prices are much more inflated versus incomes. Much more mortgage fraud & overextension. Many warm wars starting. US doing very badly at them. Leninism-Capitalism (Russia, China) and Communism (Venezuela) and Islamism resurgent. USA discredited. 2007-12-02 14:52:31
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