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zipjet

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zipjet

Re: jbog post# 61176

Monday, 04/07/2008 7:52:54 PM

Monday, April 07, 2008 7:52:54 PM

Post# of 257295
>>The consumer is tapped out, he's up to eyeballs in debt and he just fell and he can't get up!!

I think that is fair.

Two questions are important, as I see it:

WHAT, if anything, will be the engine for economic growth? If it is out there I do not see it. (It could be reinflating the credit economy. That is what we have done for the last 25 years.)

Will our levered-credit economy unwind? If so, things will get much worse.

ij

There are times when rules and precedents cannot be broken; others when they cannot be adhered to with safety. (Thomas Joplin)

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