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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Giordano Bruno who wrote (108461)3/8/2008 2:29:44 PM
From: Sea OtterRead Replies (2) of 306849
 
The key to that article:

Never, they point out, "have such broad and severe credit-quality problems preceded a recession. Recessions cause burgeoning financial problems to intensify, not recede. Credit problems lag the business cycle, not the other way around."

Not surprisingly, then, they mock as "bizarre" the popular notion that the economy will rebound smartly after only six months of negative growth. Instead, they warn, "The financial damage accompanying the recession will be unprecedented in modern history and the economic consequence will be dire."

Generic Prozac is going to be a growth-industry over the next few years.
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