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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (76549)7/18/2011 6:18:00 PM
From: Cogito Ergo Sum  Respond to of 217720
 
A result of too much debt, underwater mortgages, unemployment, and sensible deleveraging.


So if housing didn't implode but never went anywhere but up..

A result of too much debt would be mitigated
underwater mortgages would be rare..
unemployment would be mitigated..

US has a culture of needing 'stuff' ... a gluttony of consumerism..

lest I cast stones.. up here also...

It's more like one leg of the stool IMO... not a result..

consuming ever bigger homes is consumption.. no ? only leg... of course not...

Meanwhile... take heart... looks like the US is awash in energy... more headwinds for te greens coming to be sure...