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Subject:  GNMA Talk from Vanguard Date:  3/17/2006  10:43 AM
Author:  Lokicious Number:  15808 of 36324

Fairly even handed view. Don't see housing market collapse, other than a few speculative places. See lack of refinancing leading to some slowdown in consumer spending but not recession. Don't edpect much change in interest rates broadly, even if Fed keeps raising a bit.
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