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Strategies & Market Trends : John Pitera's Market Laboratory
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To: carranza2 who wrote (10025)9/18/2008 11:28:46 PM
From: John Pitera1 Recommendation  Read Replies (1) of 33421
 
Not to fear, credit shall return......it's too easy to create and also now that we have reduced excesses..... we shall see it reapplied to our world. This as we move into the end of 2008 and certainly into 2009.

credit is vitally important. Since it has frozen up, the 'real world' is affected by its lack of presence.

one sideline note..... credit creation and then it's dimunition & subsequent work-out has turned into the most prosperous part of finance..... It's almost a mechanism to repeat until rich.

.....akin to the old Letterman Joke, ..."ask Dan Quayle for 2 ten's for a Five and repeat until rich."

JP
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