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Technology Stocks : Windows Vista

MSFT 511.36

+0.5%

Nov 12 3:59 PM EST

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To: sammy™ -_- who wrote (1382)	11/27/2006 5:53:46 PM
From: sammy™ -_-	Read Replies (1) of 1939

The Bush administration continues to run enormous deficits, shattering records four years in a row. The U.S. federal debt passed US$7 trillion in 2004. Less than two years after, it now stands at US$8.55 trillion. The danger signs are already clear. American housing sales have slowed dramatically and inventories are at 13-year highs. House prices have started weakening in some of the hotter real estate markets. With interest rates at two-year highs, the pain is only just beginning. Remember the US$11.84 trillion dollars of household debt that Americans are carrying against US$66.03 trillion of assets. When house prices and stocks start to fall, the value of assets will plummet but that mountain of debt must still be paid back. To avoid default, consumers will drastically cut back spending, which in turn accelerates the slowdown. This is the vicious circle that defines what happens after every speculative mania

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