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Old 21-01-2008, 20:59   #10
Paul K
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Re: Is reccession in America about to start?

Quote:
Originally Posted by Russ B View Post
If it leads to a collapse in the housing market and brings prices down to something vaguely resembling reality then it might not be all bad for some.
Apart from all the house owners who have recently purchased their property and who will face losing everything they own. Apart from that, the job losses, increased poverty etc .... not all bad obviously.
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