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JACKSON HOLE, Wyo (Reuters) -
Federal Reserve Chairman
Alan Greenspan warned on Friday that increased buying power fueled by higher prices for assets like stocks and homes could disappear if investors turn cautious.
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Hmmm - people felt like the economy and their own personal income wasn't so bad. Maybe Bush isn't as bad as a pres, as that Kerry guy was portraying.
GreenSpan - Gave the store away - to save Bush.
GreenSpan - what a political hack.
Everyone re-financed, bought their big Suv's , went on vacations, bought all kinds of stuff for their homes - oh we gotta have marble countertops - don't we.
Well the shit is going to hit the fan because when they max out their credit cards next time - re-financing will not be such an attractive option.
Now it just friggin occurs to Greenspan that there is potential froth - ha
Now they can't afford to put gas in that gas guzzler.
Costing more and more just to get to work.
Every month they are going negative - but the republican wanna-be's see their rich idols living like that - so they ought to too - those $500 tax cuts will save us won't they. Help were sinking in qWagmire.
better call Amerequest...
Ever wonder how Amerequest can afford all that Advertising???