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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (69002)	5/1/2008 7:41:10 AM
From: elmatador	Respond to of 74559

Collapse avoidance: More American consumers see credit as the way to go No wonder; credit plays a dual role as cause and effect. Families buy homes on easy credit terms, and as they pay down the mortgage and housing prices rise, they have a new, easily-tapped source of credit in the equity. Borrowing on home equity indicated a tragedy during the Great Depression. Today, it's the way to go. October 25, 2000 Message 14656233 It was there for everyone to see. In the past 8 years what have witnessed was the delay of the painfull bite of the retunr to the natural size. The whole thing was bubble after bubble after bubble. Now, give up any hope! There's no way out.