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To: Victor Lazlo who wrote (111967)11/19/2000 10:19:22 PM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164684
 
>> Houses are taking longer to sell now too according to the article.

I also get the feeling that car sales (SUV's, anyway) are less than the prev pace. Chrysler is losing money for the first time in several years. Until last year Chrysler workers made an extra $10k per year in profit sharing, which put a huge amount of money into local economies. Well, that's not there this year. And also so many new cars were sold and leased in the past few years that the market is saturated. So if housing cools, and autos, I think a definite economy slow down is occurring. I really don't know what the Fed was talking about when they kept their inflation bias.