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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: mishedlo who wrote (211037)12/21/2002 5:07:25 PM
From: J. P.  Read Replies (1) of 436258
 
I have to agree. The shoe that has not dropped yet is Real Estate. The "strong consumer" that has supported the economy while wages decrease and jobs disappear is a hoax. The "strong consumer" is nothing but the easy money pumped into the economy by low interest rates, and easy lending (refi's, zero down, home equity loans) made available by FNM et al guarantees. Some day nature will take it's course.
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