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You know, sometimes I think there is a crash because poeple decided that there is a crash. Like "There is no crash but there will be a crash so we sell everything".
It's now about 6 months that analysts are literaly hunting for hints that the subprime crisis is spreading to other sector of the economy and these hints have failed to materialize.
Now, there is a rumor that the turmoil could spread worldwide because a couple of non-US banks will write off a few billions too...
IMO we would be in recession already if one had to come.
Sure, we may see a mini-recession or flat growth one quarter or two but no major crisis.
I also apreciate the quietness and stay-cool dont-panic atmosphere of this board.
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