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Pastimes : All Clowns Must Be Destroyed

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To: KeepItSimple who wrote (32330)5/10/2000 5:11:00 PM
From: pater tenebrarum  Read Replies (1) of 42523
 
it'll take a while. the job market specifically is a lagging economic indicator. but i do believe that those areas where the real estate market is red hot will soon see a crash in prices should the stock market continue to weaken. that's especially true of the hi-tech business dependent areas as this is basically the sector that is at the center of the stock options and pooling of interests pyramid scheme. once that game is over, it will become too expensive to hang on to employees (they will want cash) and a lot of people will feel a lot poorer with their options packages which should dent the crazy real estate bidding. some people will probably feel like they're in Tokyo in 1990. there's btw. already some anecdotal evidence of real estate demand weakening.

LOL! there's a guy on TV by the name of Huge Johnson...
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