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"O"man(are we in trouble)
Join Date: Nov 2005
Location: On the edge
Posts: 16,452
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What's happening is the only thing that can happen, the consumer is getting tapped out, as the price goes up they can only afford so much and once that figure is achieved, they can buy no more.
I don't agree with that approach but if the price goes back down or supply increases (consequently price will before forecast to drop) folks will buy as much as they can. I think we have been spoiled for so long we can't be weened off the stuff.
People are now attacking their 401k's w/ reckless abandon to keep the habits going.
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