We as a nation are not as oil dependant as we were back then.
More Quotes from Christopher Thornberg:
It's people building houses, ... It's people financing the building of houses. It's people working in the stores that are furnishing those houses, and of course, the real estate agents who are making this all happen.Christopher Thornberg
We say it's a bubble, but a housing bubble does not pop like a stock market bubble, ... A stock market bubble, when it pops, lots of market activity, prices dropping rapidly. Housing prices don't drop that way because there's a huge fixed cost. You don't day-trade your home.
Christopher Thornberg
Things are still hot, but the trend is clear. The only debate now is how hard a landing there will be and what will it mean for the general economy.
Christopher Thornberg
We're in a housing-driven economy from top to bottom at this point in time.
Christopher Thornberg
California in 2005 did better than we thought. But my feeling is the employment picture in 2006 is not going to be as good as 2005.
Christopher Thornberg
Prices people pay today will be about the same in 2011, maybe 2012.
Christopher Thornberg
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Based on Keywords: dependantSurely God would not have created such a being as man, with an ability to grasp the infinite, to exist only for a day! No, no, man was made for immortality.
Abraham Lincoln
Temptation is like a knife, that may either cut the meat or the throat of a man; it may be his food or his poison, his exercise or his destruction.
John Owen
My forehead is sometimes too high, but bangs could correct this.
Marie Windsor