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one thing seems to point this way.... we are in for a rough ride this year so hold tight or the wind might blow you off the train. Election year has usually been a good year for wall street but this year will be an exception.
Bush is doing it again by taking cash from right pocket and stuff them into the left pocket. it doesn't fix any problem but rather create bigger problem in long run. Inflation has been on the raise for last few years and yet the government release their inflation reading within forecast range. I say they cooked the book for so long and now they can't hide it anymore. people were happy when they got their first check from Bush on tax break but Bush/Cheney took all of it right back and more by brought up the oil prices 4 folds. Their strategic energy plan has really paid off for their bank accounts and investment. Now you are about to get another check from Bush, he just digged a bigger hole for Americans. deficit is going to kill many of us. Each American including those unborn babies already owe roughly around $9,000.00 He is spending the money that your unborn children has to pay in future. my prediction is that by 2020's we are in deeper shit than current situation.
your government has been operating on your property taxes. they are counting on your dollars for many things. a drop in real estate market hurt their budget so they will try their best to prevent it but that silver bullet already flew off the gun barrel and it won't stop until the target is hit. Real estate melt down started and not finish yet despite the Feds intervention to help the sub-prime. their action only prolong the inevitable. it won't stop the silver bullet from flying. too many houses were built and their prices were too high. what came up must come down. it's a law of gravity!
enough rants for today,
Steve
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