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muleofkintire

03/31/08 11:52 PM

#2376 RE: bibiche #2367

Hello Bibiche, the housing market in my oil town community is running mad. I have lived in an oil community long enough to understand that the housing market is very sensitive to the price of oil. I no longer share my opinion on the housing market as no one wishes to hear that the price of houses may correct at anytime. Once people see a trend they think that trend will never correct and find spending on their credit cards their right.

Best to you.

Mary.
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Spellbound

04/01/08 1:35 PM

#2386 RE: bibiche #2367

>bought for more that they could afford

They should have bought mnore food than they thought they could afford. Check this out:

Houston Chronicle: Expert Says to Corn Rationing in 2008

Ref - http://www.chron.com/disp/story.mpl/ap/fn/5662307.html

Analyst Heather L. Jones said in a note to investors if the USDA estimate proves accurate, the year may produce just 200 million bushels of corn. That, she said, wouldn't be enough to meet demand, given current export and feed demand trends and higher ethanol demand. Both ethanol and animal feed are made with corn. "That is an untenable inventory demand, in our opinion," she said. "Consequently, demand must be rationed or there there needs to be a big supply response from other regions . . ."