k winter......is the worst yet to come, page-20

Curious one, The market may have peaked in 2007 but it was all smoke and mirrors since 2000. Economic growth ran out of steam in 2000 and the market started trending sideways....it started to head down in 2001 and was helped along by 911. But greenspan came to the rescue with free money for everybody. I no longer have it but I had a chart that showed US GDP with home equity growth included and without. Up to 2000 home equity was but a small part of GDP but after that GDP would have been flat to negative if not for the real estate/credit bubble.