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Sunday, March 08, 2009

Sign of the times

The median home price in Detroit is now $7,000. That's the MEDIAN-- that means half sell for more and HALF for less. Some solid homes have gone for $1.00.

I'd rather buy a Detroit house for $1.00 than a share of Citibank for $0.50.

And then there's General Electric ...

If you haven't got it yet, you'd better sit back and fasten your seat belt. We're going down the tubes while Geithner sucks his eggs. And, we're not coming back within any of our lifetimes. This is as permanent as it gets. Get used to it. We will soon be living in caves again -- better find one fast, they're going quickly!


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