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Dog-faced pony soldier
Join Date: Feb 2004
Location: A Rock Surrounded by a Whole lot of Water
Posts: 34,187
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Unemployment is historically a lagging indicator of economic health. That shoe will drop towards the middle/end of 2009.
The 4Q retail numbers for this year are going to be horrendous. Retailers are going to get slaughtered, corporate earnings reports will not look good for 4Q/2009 and you can expect payroll slashing in a major way towards the middle of the year. Which is also when the bulk of ARM resets is supposed to occur, so we're far from out of the woods on this one.
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A car, a 911, a motorbike and a few surfboards
Black Cars Matter
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