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Politics : Welcome to Slider's Dugout

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To: maxncompany who wrote (6256)8/31/2007 4:59:48 PM
From: surelockhomes  Read Replies (3) of 50746
 
The write downs is just the trunk of the elephant. The real problem is going to be the loss of consumer debt spending from home equity withdrawals. It's the continued collapse in home prices that will bring havoc to business profits and the markets. In that regard, we're still in the first inning.
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