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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (193046)9/20/2002 5:50:06 PM
From: orkrious  Read Replies (2) of 436258
 
UFB. What a bonehead. I liked this part the best:

MASSAR: What happens, though, if you have rising rates? We're also continuing to see rising unemployment and the job picture doesn't improve substantially. That could certainly put a dent in your business, no?

GROSS: Great question. And we're operating in an environment where you actually have, as the economy is weakening, you have interest rates going down. So this is a very good environment for a homebuilder because we're working in a buffer. If the economy weakens, interest rates go down, our product is more affordable. If the economy strengthens, more job creation, higher consumer confidence, it's good for people wanting to buy a home. So we're operating in a nice buffer, today.

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