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|User Info||Last Chance; entered at 2008-11-13 07:06:47|
Registered: 2008-10-11 SE USA
I think we will make to the first of the year. Everyone will hold out for the ever fading hope that Christmas sales will be better than expected. When they are not, then the whole thing collapses. Even before Barack takes office. It will be the most somber inauguration in history.|
By the way, my theory on why banks are hoarding and not lending is interest rates. If you look at the yield curve it is obvious that banks expect interest rates to jump and they are accumulating cash now. Why loan it out at 6-8% when in a few months they can loan it at 12-14%.