The Week That Was

 
This is going to be an interesting week.  People are absolutely up to their eyeballs in debt.  The housing market is in a slump and isn’t going to get better for some time.  People have been hocking their houses for years — borrowing a little more each time they needed or wanted something.  On top of that is the credit card debt.  Add to that the margin debt of people who are/were heavily invested in the stock market.  Pull the plug on all that, and you are going to have some kind of mess.

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