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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (22868)8/3/2004 4:58:59 PM
From: Jim McMannisRead Replies (2) | Respond to of 306849
 
RE:"The bottom line is, as far as the macro economy is concerned, oil up for any reason is bad news for main street."

Good for oil stocks though. OTOH, oil prices don't seem to be slowing home building although their likely will be a breaking point.
Remember how high rates had to go to slow housing prices in 1979-1980? High oil prices prior to that didn't slow housing down either.