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The question that bubble defenders always have to answer is not is there demand (obviously, there is), but whether that demand is based on healthy fundamentals.
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ReplyDeleteThe opines expressed by Ian Sheperdson of high frequency economics made be stand up and take notice-from as far back as 2001 this guy has been a big bull on everything- now that he is calling for a recession, plus an ugly conclusion to the housing bubble is a stunning change- anyone who does not take heed is doomed.
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