Comments on: Double Dip Recession or Real Economic Growth? http://dailyreckoning.com/double-dip-recession-or-real-economic-growth/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sat, 11 Feb 2012 03:39:16 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: CommonCents http://dailyreckoning.com/double-dip-recession-or-real-economic-growth/#comment-51226 CommonCents Mon, 01 Feb 2010 23:52:49 +0000 http://dailyreckoning.com/?p=22673#comment-51226 You don't have to look far to see the true impact of the mal-investments. I lived in Sarasota, Fl from 1995 to 2005. I moved there when is was affordable. I am in the building industry. I witnessed the growth and then the boom. It was unreal, money was getting used like monopoly money. Prices went up weekly during the height of the market bubble. I got out when the gettin' was good. I go back now and visit. You can see the horrible impact that was left; jobs lost, foreclosures, business failures, bank failures, scam artists revealed, lives ruined. Most of my friends in the business are struggling, fired, moved or are moving out. Who know where to? Recovery, hah! You don’t have to look far to see the true impact of the mal-investments. I lived in Sarasota, Fl from 1995 to 2005. I moved there when is was affordable. I am in the building industry. I witnessed the growth and then the boom. It was unreal, money was getting used like monopoly money. Prices went up weekly during the height of the market bubble. I got out when the gettin’ was good.

I go back now and visit. You can see the horrible impact that was left; jobs lost, foreclosures, business failures, bank failures, scam artists revealed, lives ruined. Most of my friends in the business are struggling, fired, moved or are moving out. Who know where to? Recovery, hah!

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