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Politics : Foreign Affairs Discussion Group
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To: Katelew who wrote (218333)2/13/2007 10:48:47 PM
From: jttmab  Read Replies (2) of 281500
 
And again, market psychology took hold, esp. in the real estate area with above average speculation, adding to the underlying inflationary trends.

I recall that as interest rates went up there was a panic in buying houses before the interests went up more; which drove up interest rates. Not a good time,

jttmab
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