All Forum Posts by: Eddie Ziv

It's amazing to me that the guy inherited the biggest mess since the great depression and already almost everybody here is ganging on him. Give him a break (or a chance...) The guy is only four and half months in the job.

The property is in Pike Peak, Colorado and by the way, the headline is misleading. Although McAfee built the house, he no longer owns it.

It all started with Alan Greenspan. The natural cycle of economics is growth, inflation, recession. The problem is when you have growth, the demand cause prices to go up. Many countries counter it with higher wages which eventually cause inflation and then the goverment have to pull the reins buy raising interest rate - OK we all know that. Back in the beginning of the last decade, the fed tried a new system. How do you create prosperity without inflation? You keep the wages low, but you allow credit to flourish. People no longer have to make more money, they just have to have credit to buy stuff. That what happened. The banks were happy, the credit card companies were happy, Car manufactures, Big screen TV makes, China, they all were happy. Well, guess what, there is no free money and at one point (Like now...) somebody need to pay for all that. I think we all got our mind straighten up. Now instead of buying that big screen TV and pay it off in three years, We will have to work and save for three years and then buy that big screen TV...