Eugene David ...The One-Minute Pundit |
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Thursday, January 04, 2007
TRANSLATION: We could be in for the first recession caused by a housing glut.
Remember the Great Depression? The proximate causes were too much speculation -- and dozens and dozens of auto manufacturers making too many cars. Here we have a comfy-cosy combination of both -- too many McMansions and condos going up and too much flipping. But the RealTORĀ® idiots will go to their dying day insisting THE MEDIA DID IT!!!!!
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