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

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To: Keith Feral who wrote (91868)3/4/2008 5:23:44 PM
From: benwood  Read Replies (3) of 110194
 
I truly admire your tenacity to stick to your story <g>

Got telecom taxes and fees?

Got cable/satellite? Way up, esp. the fees.

Got auto depreciation/higher deductibles? Rates around Seattle have barely budged.

Most mortgage rates have gone up, not down.

Got longer term auto loans?

Got food? Got beer? (oops, that's redundant...).

Computers, TVs, yes, they are genuinely down, and big.

I see two things deflating in the stock market a) prices; and even faster, b) prospects.

Bought sheets lately? My wife shopped several times including forays online, and eventually got a decent quality cotton queen set on sale, with coupons and discounts, for $190. That's kind of stunning to me. That's over double our last set from a few years back.

Health care... if you have insurance, most of that has been hidden. My son was in the ER last month for four hours, with no procedures done on him except just a couple IVs and one simple test, and his bill was over $4000 dollars, or $1000/hour for basically nursing care.

16 years ago, my preemie daughter was in the neo-natal intensive care ward for $1000-1100 total cost per day. When she moved into a regular crib for the last ten days, the daily cost was $440 -- everything included.
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