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If one is worried about the economy on a long term basis, it isn't the housing "bubble" that should concern you. What you should be paying attention to is politics. With things like Oxley-Sorbanes already in place and similar, being discussed. The continued expression by the Dem presidental canidates of raising taxes, and placing further onerous "enviormental" regulation on business. That is where things look grim.
The market will take care of itself, as long as it isn't overly hindered by the government. Things such as tax policy, regulation, tarrifs, entitlements, and other legislation is far more difficult to overcome than market forces.
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John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
Music on the Wind -
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