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  • Wall Street Breakfast: Must-Know News [View article]
    It will be interesting to watch congress as it reacts to Obama's house bail out proposal. There are few details at this time but the standards for honesty in applications will be minimal, and the speculators who gamed the system in the past will do so again. It is a gift to the scam artists from conservative US savers.

    The house bail-out will serve to continue the price bubble thus making owners feel a little better about their own balance sheets. But the down direction of world economics will continue for at least two years and low future consumer confidence and spending (per capita)may not rebound any time soon.

    The hard to predict variable is the influence of "technology". If a confluence of a drive to more efficiency in our lives, environmental pollution control, and longer term investment amortization happens, a new renaissance might be in the foreseeable future.
    Mar 05 08:32 am |Rating: +4 -1 |Link to Comment
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