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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (48671)	4/8/2002 5:45:44 PM
From: Jdaasoc	Respond to of 99280

You are saying the economy will slowly crumble but not long ago you were pointing out the obvious recovery to us bears. I didn't realize how many people have been using bloated home equity cashouts recently "to pay as you go" with their bills. In the late 90's, they used stock market equity appreciation now they are using home equity appreciation. The game of musical chairs will end when housing values drop 10-15% and consumers find no more equity in the cubbard they nee to move or lose their jobs during 2nd dip of economy. There is not more sources of equity left to go around. Wage increases are not even going to meet inflation.