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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (71400)11/19/2007 3:29:27 PM
From: sea_biscuit  Read Replies (1) | Respond to of 116555
 
Well, that may be because for every person that is really rich, there are 10 people who think they are rich. And those 10 people get their wake-up calls during times like this..



To: RealMuLan who wrote (71400)11/19/2007 4:25:14 PM
From: Perspective  Read Replies (2) | Respond to of 116555
 
<``Historically we've counted on the high-end consumer to drive the economy forward,'' says Mark Zandi, chief economist at Moody's Economy.com in West Chester, Pennsylvania. ``If they pull back, the economy will unravel into recession.''>

Well, based upon the stock prices of the retailers that cater to the high-end consumer, we'd better batten down the hatches.

`BC


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