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10-22-2007, 01:53 AM #38
Senior Member
See how the value of the US dollar has dropped compared to gold!
How can corporations want this when they got a cheap labor base such as Mexico right now? As for the people......with the popular feelings regarding the border at the present this is the LAST thing that ANY politician would submit.
Originally Posted by Krogith
Not lowest of the lowest....just competive to the Euro markets, etc..... They've had the advantage on us for a while.
Originally Posted by Krogith
As for the housing market.......I don't know if you were around in the late 70,s but the same thing happened that drove interest rates to about 17%. Be sure to have a VERY secure job in the near future.....housing will be CHEAP! Just another economic cycle.
Another thing regarding housing.....people are way overspending for their income levels and eventually this will catch up with them...as it did in the past. $170,000 loan at a flexible interest rate right now is economic suicide! They won't even be able to recover the investment money not to mention meeting the loan when the rate rises.
Have a good one!:s4:
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