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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: BubbaFred who wrote (3816)12/24/2003 11:17:15 AM
From: Jim Willie CB  Respond to of 110194
 
new housing down 2.3%, durables down 3.1%
they minimize the news as simply a slight retraction from heady numbers in the last two months

they also minimize the pukey retail numbers, which might be more owing to the virus sickness sweeping across the nation

with the REFI movement largely flat (soon to decline), with tax bennys done, we may be seeing the beginning of the downhill run on the USEconomy

this recovery is the most suspicious, most faulty in its foundation, and most prime pumped in history
debt is accumulating in amounts perhaps 30x greater than in 1960, during past recoveries


/ jim