Fortune Telling & Real Estate
Most of us have heard of the 16th Century Pharmacist/seer Nostradamus who has been credited with the prediction of wars, Hitler, natural disasters, etc.. Unfortunately (or fortunately) he didn’t have much to say about the current real estate situation. So who do you turn to for an opinion about the future of real estate? When it comes to real estate I like to ponder the predictions of economists. OK, I know what you’re thinking: Yikes, economists have predicted the last 17 recessions that never happened! Worse yet, economics is the “dismal science!” Fair enough. In fact, one should be wary about all the economic information out there. Lots of it is unreadable, boring and, frankly, wrong. Nevertheless, I have attached a link to an economist who actually got it right. His name is Michael Hudson and he wrote an article in the May 2006 issue of Harper’s Magazine entitled “The New Road to Serfdom.” Please take a look at it. I received permission from Dr. Hudson himself to offer this piece to you.
http://www.michael-hudson.com/articles/debt/Hudson,RoadToSerfdom.pdf
April 30th, 2008 at 8:09 pm
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August 17th, 2008 at 3:22 am
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