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From today's Yahoo Finance headlines...
The economy picked up speed in the summer, growing at a brisk 3.9 percent pace, the fastest in 1 1/2 years and an impressive performance...
The RE market will rebound eventually. It grew too fast, was fueled by irresponsible borrowing (intrest only adjustable loans), etc., but no one was complaining then. Now that a S. Cal 1200sf 2 bed 1 bath bungalow is only worth $550k, doesn't mean it's all swirling around the bowl.
IMHO, the single most important threat to the economy is the unchecked cost of fuel. Cashflyer is right on. It effects everything. No one seems to care. Not even an election topic. Huge dollars are changing hands and the political world is (logically) on the take. This is the raping of America. The rest is a by-product.
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Mike
“I wouldn’t want to live under the conditions a person could get used to”. -My paternal grandmother having immigrated to America shortly before WWll.
Last edited by Chocaholic; 10-31-2007 at 06:16 AM..
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