Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Cogito Ergo Sum who wrote (6606)	8/3/2001 11:19:27 PM
From: Ilaine	Read Replies (4) of 74559

>>Despite increased unemployment and home foreclosures, record personal bankruptcies and massive stock market losses<< Oh, horse hockey [not you, dear, the writer you linked]. Home foreclosures are NOT up significantly. A 9% rise on 142,000 is less than 14,000. usatoday.com Personal bankruptcies, yeah, but they were all rushing to get it done before the law changed. Joe Six Pack is now paying 14.3% of take-home pay on debt - which includes the mortgages and the credit cards and the whole shebang - big deal - it's been bopping between 12% and 14% for the last two decades. federalreserve.gov "Increased unemployment" - from 4.0% to 4.5%. Ask DJ what Germany would think of 4.5% unemployment. dismal.com I am starting to think that it's time to think like a contrarian. The time to buy is when everyone else is screaming about how awful everything is.

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