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No. of Recommendations: 1

Look at the chart. It's a bubble. It is in the process of popping. No financial bubble has ever not popped. The fallout will be much more severe than the Naz pop. Investors bought tech stocks on 50% margin and got burned bad. But they are buying RE at 100% LTV, I/O, neg. am. no doc, etc., locked in for 30 years. The multiplier effect as it reverberates through the economy will be devastating.
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