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No more bubbles to bail out the housing bubble

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  • No more bubbles to bail out the housing bubble

    Bill Fleckenstein says

    "Wall Street has a soft spot for the "soft landing" thesis, but to me it's crystal clear that a serious economic slowdown is under way."

    "The weakening consumption trend is now established, and the majority of our tax contacts expressed real concern about a slowing in sales-tax collections. It now appears clear that consumers are not spending the billions of dollars they have saved on gas in recent months."

    http://articles.moneycentral.msn.com...?wa=wsignin1.0
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