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Thursday, August 21, 2003

Deflation 2004 (AD) Bank tackles risk of housing crash

As Soros once observed expect the unexpected on a housing market front...
Americans expect house prices will more than double in the next decade, despite already doubling in many US centres since the mid-1990s.
· Irrational exuberance [SMH ]
· Poisoned Chalice - Wherever it is Prescribed, a Dose of IMF Medicine Only Compounds Economic Crisis [ CommonDreams]