This is a guest post of sorts by our own resident investment guru, Fred Carach, a.k.a. The Riverboat Gambler.  Fred is the author of “Forty Years A Speculator“. Bear in mind that this article was originally written on July 15th, 2008.  Today we are told that the real estate crisis is in the 8th or 9th inning. I don’t think so, the 3rd inning is mo
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