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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (201288)5/8/2009 1:33:12 PM
From: KyrosL of 306849
 
But for the time being it's working in terms of mass psychology and perception. In spite of near record unemployment and huge loss of wealth, the majority of people feel good both about him and about the direction of the country. Heck, look at the stock market. There are even some tangible benefits. Who would have thought a whole bunch of basically insolvent banks would have been able to raise tens of billions in equity at prices three or four times what they were selling a month or two ago?

PS. I think Obama is trying to be FDRx100. Instead of radio fireside chats, he gives TV statements and press conferences. But I think he has already exceeded the number of chats FDR gave over a dozen years.
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