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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 443.45+1.4%Jan 21 4:00 PM EST
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To: TobagoJack who wrote (62903)4/19/2010 5:21:01 PM
From: elmatador  Read Replies (1) of 219608
 
When push comes to shove, it's going to be ugly in both instances, but $1 bn per month is $1000 per month per tax payer [in NZ, near enough for government work]. With average incomes of something like $4000 per month, that's quite a hit when people are already bust.

Buying an average NZ house is now more expensive than buying an average USA house. But GDP per capita remains about twice as high in the USA.
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