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Spurred on by deregulation, speculation, and risk barriers lowered the economy was in hyper drive. While a lot of people benefited from this bubble is it time for a market correction and the consequence is that some percentage of people are going to lose out via losing hours, jobs, homes, and retirement savings. The faster we just admit it, the faster we can move on and begin the slow recovery!

Or is this the step after denial which is admitting there is a problem?

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In the basement at St. Johns well I found her where she fell

Just another busted sister of Heartbreak Hotel

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Mortgage refinances on the rise as rates fall. Bank lending improving and rates falling, but still not great. Oil prices are down. Dollar is stronger.

So some signs of improvement.

But,

Layoffs are just beginning, so that cycle is going to take time. Less income, means less spending, which means more companies in trouble, more layoffs and bankruptcies.

Faster government starts spending money the better, and that will not happen until after Jan 20th.

Six months at best before things improve, maybe more.

Originally Posted By: Spinnaker9
Originally Posted By: quante

Faster government starts spending money the better, and that will not happen until after Jan 20th.



The Government hasn't been spending money?


That was monopoly money not real money.

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In the basement at St. Johns well I found her where she fell

Just another busted sister of Heartbreak Hotel

Originally Posted By: Spinnaker9
Originally Posted By: quante

Faster government starts spending money the better, and that will not happen until after Jan 20th.



The Government hasn't been spending money?


Not in the right places. I was in favor of the bailout,but total bollox when they gave money to banks, without a requirement that they lend it. It is sitting in the vaults. Need stimulus to create jobs i.e public works projects, etc.

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