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<p>[QUOTE=&quot;Pepperoni, post: 337150, member: 5520&quot;]<b>Recession ?</b></p><p><br /></p><p>If you do not think were in a recession , your not looking at indicators that count. </p><p>The housing mess will take years to clean up. Not only are we in it, it was sold to foregn banks and institutions. The French use a term called a Tranche , or slice. The first slice goes to the bank who creates the portfolio. It is also the premium debt. The other three Tranches are sold to others looking to make a big return. The slices 2,3,4 are each carry more risk. What happened was that none of this was backed with insurance to pay for default. </p><p>We are paying for terrorism at a vast rate per day. War, high oil prices, a very low exchange rate and high metal prices put us in a position we have never been as a country. China sells us 1 billion dollars a day more then they buy. They also hold 328 billion in Treasurys. Oh the stock market is also in trouble. Cash return for 500k is about 3.7%.</p><p>Do not ask if were in a recession.[/QUOTE]</p><p><br /></p>

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