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May 18, 2008

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GeorgeH

What recession?

Recession is a technical term with a specific meaning. the economy had been bad, but not bad enough to qualify as even the smallest recession.

We haven't had even one quarter of negative growth, much less the two in a row needed for a recession.

A lot of people have forgotten what bad is.
How many members of your family are unemployed?
How many have had to have their kids drop out of college and go to work?
How many are wearing second hand clothes?
Who went through the winter without heat?
Or even cable TV?

Brick Oven Bill

Those who know, know. Those who don’t know, talk. The Fed is printing $14.4 billion a week as of last count. As the stock market is indexed in dollars, the Fed might actually make that stock market number go up.

Rural real estate with good soil is a better investment.

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