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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Elroy Jetson who wrote (25302)11/19/2004 10:07:47 AM
From: Amy JRead Replies (5) of 306849
 
Greenspan warned the U.S. must deal with the causes of the weak dollar -- the U.S. trade deficit and the federal budget deficit -- or the country could run into economic problems down the line.

money.cnn.com

Meanwhile, our dollar drops while Congress ignores Greenspan:

The US House of Representatives voted to raise the debt ceiling by 800 billion dollars, helping Washington avoid running short of operating funds.

By a party-line vote of 208 to 204, lawmakers agreed to increase the level of the US debt to nearly 8.2 trillion dollars, the third massive debt limit increase in as many years

Democrats in Congress have decried ballooning US debt

story.news.yahoo.com
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