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Just a old timer's rule of thumb:
Depressions are national.
Recessions are local.
That is, the "economy" may be great for specific income brackets, industries, or for specific geographic areas.
So as far as the current economic situaiton, it is a point of view situation.
As to why the runup? Partly due to real estate no longer being quite as attractive. But just watch. The market indices will do what they always do...
Change.
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Bob S. former owner of a 1984 silver 944
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