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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (45462)12/7/2005 3:05:32 AM
From: Amy JRead Replies (1) of 306849
 
Separate reports showed some softening in retail sales after the kickoff to the holiday sales season and a drop in pending home sales, the latest sign of moderation in the housing market after a red-hot five-year run.

tinyurl.com

We all are suppose to work harder so they can keep increasing gas prices without generating inflation:

The Labor Department said nonfarm business productivity advanced at a 4.7 percent annual rate in the third quarter, the swiftest increase in two years.

The strong productivity gain pushed unit labor costs -- a key gauge of profit and price pressure -- down at a 1 percent pace despite a solid 3.7 percent rise in hourly compensation.

"Companies may be paying more for raw materials and energy, but that is at least partially being offset by lower unit labor costs. That, I think, is likely to keep inflation contained," said Gary Thayer, chief economist at A.G. Edwards & Sons in St. Louis.

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OT OT OT

RE: Is it like Silicon Valley?

Lizzie, not at all when I worked there in the 90s. I had to hide my cardkey that was on my key chain when out in public because of all of the attention and curiosity-seeking questions it would generate. There are lots of other businesses outside of tech. Of course, a lot of hightech companies have sprouted there recently but it's really different from Silicon Valley. I bet Google folks don't have to hide their cardkey in Silicon Valley - where the environment is different - where one company is one out of many hightech companies.

Housing was expensive back then too.
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