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August 4, 2008 at 8:15 AM #251874
jpinpb
Participant

I agree w/CA renter. Were it not for subprime, free money, zero down, teaser rates, I/O, the normal cycle would’ve been around 2001.

As far as Europe, I have family and friends in Italy and they have their own troubles. Euro might beat the dollar, but they have their own economic woes to contend with.