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

To: patron_anejo_por_favor who wrote (162862)	11/8/2008 11:51:56 AM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 306849

nothing to do with obama. it was aleady happening. it is the only thing they can do. "they" being undefined. but the reckoning will still occur. one way or another. Message 25156300

To: patron_anejo_por_favor who wrote (162862)	11/8/2008 12:42:32 PM
From: Elroy Jetson	Read Replies (3) \| Respond to of 306849

It would be quite a miracle to inflate away debt in this environment. Debt is far more quickly being written-off in bankruptcies and foreclosures, including a good chunk of the private 2/3 portion of our economy's $14 trillion external debt. But those living on debt, or on the proceeds of rising asset prices, will indeed see major declines in their standard of living. .