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

To: Giordano Bruno who wrote (87393)	10/7/2007 1:52:42 PM
From: Poet	Respond to of 110194

Hi jj, WRT "more than a few folks are willing to pay penalties and taxes to access their IRA savings as well" Yes, but it concerns me, given the fact that very few of us have saved "enough" for retirement, particularly in 401K and other plans of that sort. So many people-- lotsa boomers around here-- have counted on the value of their homes as the greatest source of retirement funds. And between the RE bust and the impending rush (on the boomers' part) to cash in and downsize (which will certainly add fuel to the fire in terms of RE values falling), this ain't good. Yes, the same situation at my local Target--- many barely-used registers, few customers. I hate to see what Nordstrom's and other high-end stores look like. -ng