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Poll results (voting closed)
Yes
2 votes
 
 25%
Somewhat
3 votes
 
 38%
No
3 votes
 
 38%
Don't Care
0 votes
 
 0%
Total: 8 voters.  Total votes: 8.  Max items per vote allowed: 1.
 
joydakiss
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US Recession - 2007?


Are you worried about a recession?

Last edited by joydakiss, 6/12/2008, 11:25 pm


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We do not see things as they are; we see things as we are. ~ Talmud

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11/8/2007, 11:19 am Send Email to joydakiss   Send PM to joydakiss
 
Byteryder
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Re: US Recession?


Being half/about to retire, inflation is the bigger concern.

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Voice Of America
11/8/2007, 11:27 pm  
 
jtopp4
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Re: US Recession?


The housing market is for sure, but the market was inflated and houses were selling way beyond what they needed or should have, so the bubble broke. I only wish we had been in a position to sell and cashed in on it. With that said, our house has gone up in value much like all our other home, and I have no doubt that the trend will continue. Since we are closing in on a retirement age, this is a concern obviously, but more so on "where" we want to relocate when we do retire. we have several options and have not been able to decide on any!

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McCain & Palin 2008
11/11/2007, 3:06 pm Send Email to jtopp4   Send PM to jtopp4 MSN
 
wralst
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Re: US Recession?


With Dubya borrowing money from foreigners to finance 'his' wars, give the rich kickbacks while the middle class falters at home, companies increasingly outsourcing virtually all manufacturing, investors not putting money into America and American's not only NOT saving but borrowing money against non existent assets (the value of their homes) - yeah I'd say that we're in for a real roller coaster ride.

11/11/2007, 4:43 pm Send Email to wralst   Send PM to wralst
 
jtopp4
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Re: US Recession?


quote:

wralst wrote:

With Dubya borrowing money from foreigners to finance 'his' wars, give the rich kickbacks while the middle class falters at home, companies increasingly outsourcing virtually all manufacturing, investors not putting money into America and American's not only NOT saving but borrowing money against non existent assets (the value of their homes) - yeah I'd say that we're in for a real roller coaster ride.




Hate to point this out but the out sourcing was being done in the Administration before...it's just caught on like wild fire and has continued. As for the home market I also remember that this roller coaster on home sales also happened before and eventually the cost of owning a home was ! 12 and 13% interest. Do you remember those days and who was president?

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McCain & Palin 2008
11/11/2007, 8:53 pm Send Email to jtopp4   Send PM to jtopp4 MSN
 


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