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To: Paco
So what is the result? Will a .5% cut in rates fend off a recession? What do you all see this year economically?

I don't care, I'm not responsible for that and it isn't worth worrying about. I am responsible for working hard, investing all I can, giving all I can, and providing for my family. In the long run, investing will pay off. The business cycle is normal. The Main Stream Media's 'housing crisis' is actually good in the long run...lower prices for houses will result in higher standards of living.
13 posted on 01/10/2008 12:10:08 PM PST by FreedomProtector
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To: FreedomProtector
lower prices for houses will result in higher standards of living.

The idea Bernanke is pushing is to destroy the dollar to prevent housing prices from dropping to bail out the banks that made irresponsible loans in the first place.

17 posted on 01/10/2008 12:18:47 PM PST by AdamSelene235 (Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
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