But wait: this cartoon isn't from today – it's from 1992! It seems that, at the time, the fall in interest rates served as a lesson to us only briefly. And for the past 17 years, we have continued to be Financiers and Investors. We find ourselves in this situation today because of our own foolishness, even though some people are determined to blame capitalism. The fact is that the capitalism we have today It's broken from being used so much, we all went. Now we are facing such a serious situation that it’s unlikely we’ll be able to do it again the mistakes made in recent decades. And jokes about the future might not amuse us now because we wouldn’t understand them.
Another humorous note black is that divorces in the US today. are fighting in court NOT to keep the property, contrary to what had previously been the norm in marital disputes. In today’s divorces, neither spouse is willing to take on the full mortgage because they will find themselves unable to sell the property for the amount owed. This is the clearest indication that, as was already warned Kiyosaki, property has very much ceased to be an asset. And divorce lawyers are fighting tooth and nail to let the other one take the blame. Here you go an excerpt from the paradoxical New York Times article:
“We’re finding the husband on one floor and the wife on the other,” said Ms Decker. “Now one of them is coming home with a new boyfriend or girlfriend, and it’s adding a new dimension to relationships that we haven’t seen before. Unfortunately, we’re seeing ‘The War of the Roses’ in real life, not just in a Hollywood film.”
The situation is getting worse by the day for The middle-class Roses, as we can read in this WSJ article:
«The bear market continues; house prices are back to their March 2004 levels,» said David M. Blitzer, chairman of S&P’s index committee. He added that both composite indices and 14 of the 20 metropolitan areas are reporting new record declines. ’As of October, the 10-city index is down 251 points from its mid-2006 peak and the 20-city index is down 231 points,» said Blitzer.»
The fact is that the Case-Shiller House Price Index continues on its relentless, hygienic and therapeutic course.
If a free society cannot help its many poor, it will not be able to save its few rich either.
John Fitzgerald Kennedy (1917–1963)