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


To: RockyBalboa who wrote (214385)8/6/2009 10:35:54 AM
From: DebtBombRead Replies (2) | Respond to of 306849
 
China gave a warning yesterday. What will likely happen is IMO....China will say....that's it!....balance your budget or we're cutting you off....then gov't will be downsized....maybe chopped in half....like the Economy Act of 1933....that will lead to more unemployment and less spending and more foreclosures and more bankruptcies. The gov't will have to stop spending or else. They will have to raise interest rates also, China will require them to strengthen the dollar, IMO.



To: RockyBalboa who wrote (214385)8/6/2009 10:41:36 AM
From: DebtBombRead Replies (2) | Respond to of 306849
 
In the economy Act of 1933....Congress had to take a pay cut also....now I would like to see that stuff right there....that would be bullish. ;-)