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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Crossy who wrote (27348)	3/13/2007 1:08:00 AM
From: schadenfreude	Read Replies (1) of 37387

Froelich is ALWAYS bullish and not just a little. And I think his statistics grossly underestimate the magnitude of the problem. The subprime problem is merely the fuse connected to the enormous housing time bomb that has been characterized by: - unprecedented increases in housing prices in most major markets - unprecedented cash outs - unprecedented easing of lending standards across the board - and unprecedented speculation on a national basis. If go into recession (and it appears that's where were headed), the housing market is going put unprecedented strain on the economy.

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