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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (91327)10/4/2007 1:27:14 PM
From: Smiling BobRead Replies (2) of 306849
 
Armageddon, no
Deepest and most prolonged recession this country has ever seen. Very good chance
I've noticed a sharp drop in credit card solicitations lately.
No change in my credit. But nice to see less clutter in mailbox.

Not if, but when consumers really start to cut back spending-signs are popping up quickly- due to higher expenses, lack of savings and tightened credit, where and how is the shortfall in GDP to be made up?

galluppoll.com
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