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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: SouthFloridaGuy who wrote (78785)	5/6/2008 1:24:19 PM
From: Jim McMannis	Read Replies (2) of 116555

Gas prices true culprit in housing decline, economist says palmbeachpost.com Economist Joseph Cortright offers a contrarian explanation for the fall in housing prices in many markets. His culprit isn’t overbuilding, subprime mortgages or negative media coverage — it’s rising gas prices.

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