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« Al Gore At The Academy Awards | Main | On To Good News, Baseball Is Back »

February 28, 2007

Comments

Ghost of Tom Joad

As I said way back in '98 and '99 when stocks were going up with out end, the sh-t is gonna hit the fan, it's just a matter of when. I read somewhere that the economic expansion under Bush(what one there was), has been fueled exclusively on debt. It doesn't bode well for the future of this country.

John Morgan

It pretty much was as homeowners tapped their equity for loans. Now the interest rates on that debt is increasing and they're cuahg tin an awful squeeze. The foreclosure rate is increasing at a disturbing level.

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