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

To: Giordano Bruno who wrote (120319)	5/2/2008 2:48:58 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

The rebate check is a big nothing. Someone posted this afternoon about cash out refis. This past quarter they were down 58 billion. Multiply by 4 quarters and you get a 232 billion reduction, just from cashouts alone this year. The "big stimulus" is around 170 billion. The stimulus package is all election year propaganda, a chance for Wall Street to unload on the retail folks. Most of the stimulus money is going to almost immediately end up in the Middle East or China.