Re: Underwater mortgages and the economy

 Dan wrote:

> It is quite possible that we falter over the next two years, sliding back
> into depression.  One of the most depressing figures is that the average GDP
> growth rate for the last 30 years will result in unemployment increasing,
> since we need 3%/year growth to tread water.

Not what I meant, sorry, but I was sticking with your definition of
black swan as a solution to economic malaise.

War, global conflict, would be the most drastic "solution".

Doug
history repeats