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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

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To: elmatador who wrote (55408)9/23/2009 11:22:07 PM
From: Ilaine1 Recommendation  Read Replies (4) of 217822
 
>>So now the consumption is bricks and tiles, and copper cable, and pipes, and cement and wood to make houses.

These are very cool things. These are the things that make or break an economy.

Appliances matter, too, things like refrigerators and washers and driers.

An autonomous drop in the consumption of these goods is a very Bad Thing, worst if it means that the vendors are experiencing a drop in orders.

I would suggest, although I cannot yet prove, that the worst sign for a modern economy is an autonomous drop in short term (90 day or less) commercial credit.

Anecdotally, right now I am working hard on obtaining financing for the sale of a Ford E450 commercial truck that fell through, my guess is due to tightening of the credit markets.

I feel as if there was an unadvertised credit crunch, globally. Maybe it loosened up within the past week or so, for those who can meet underwriting standards.
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