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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (74912)12/6/2006 7:00:04 PM
From: Mr.Creosote  Read Replies (3) of 110194
 
"... and jobs are still being lost"

Sorry, not with you on this one. In fact I think what's keeping this thing going is the job market. As long as people continue to have jobs they are able to spend what they earn and even borrow against their future earnings. They don't even have to borrow against the equity in their house.

I don't know where you live but in my area EVERYBODY has a job and most are in the 6 figures. And believe me these guys love to spend, I see it daily.

Jobs are not as bad as you guys make it sound.
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