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February 21, 2006
Americans Tapped Out
From a post on foreign policy, this observation on the American consumer and housing prices.
Since the American consumer is nearly tapped out and now that housing prices are no longer relentlessly rising, the last source of disposable income---mortgages---are going to dry up and the cruel necessity of soaking the remaining pennies from the populace will require brutal force.
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Posted on February 21, 2006 04:42 AM by House 78.
Filed in Mortgage Calculator under housing prices.
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