If you think about it even a relatively prudent 20% down on a house is a leveraged short on the currency, since the house price over the long term only goes up by inflation, which looked at another way is the value of the currency going down against the value of the house. Any time you borrow something and invest the proceeds somewhere else, then collect it later, you're shorting something; in this case it's the - take your pick - USD, GBP, EUR. Leveraging the short (20% is five times leverage; can't do that with a stock but can in a house, which is probably one good explanation for why so much money went into houses) increases the profit when it works, of course. So, lucrative when it works, hell when it doesn't.
Another numbnuts thinks the 1920's (in the US) were terrible years. Perhaps he and you are thinking US 1930's or Germany 1920's, either way the opinion of a dire US 1920's is laughable.
We all know he meant to say the 30's but being one of the chief democratic apologists of the decade he can't quite do that because of that pesky fdr problem. It's really funny as hell if you know more than the tripe they teach in gubbermint schools.
Axelrod is actually campaigning for Romney... He knows his policies are so out of touch. Here is another one of his quotes. âThe choice in this election is between an economy that produces a growing middle class, and that gives people a chance to get ahead, and their kids a chance to get ahead, and an economy that continues down the road weâre on,â Axelrod said."
The 20's were booming... The 50's was about the Republicans breaking the racist Democratic South, Eisenhower nationalizing the State national guards to open up schools for all races. The 80's were the Republicans convincing the world that the USSR was evil and and making policy to stop them, set goals to free the satellite states and tear down the wall.