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Re: US Economy Grows 3.9%- Smoke? Mirrors?
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Originally Posted by touchring
The US is expected to lose maybe $100billion in subprime losses (based on Fed estimates), but from the look of it, it will throw away maybe $1 trillion to reduce the $100billion loss by 10%.
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And let's not forget also that trillions of dollars are going to be wiped from residential housing values as the market corrects.
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It's all Greek to me.
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