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<blockquote data-quote="Char" data-source="post: 270226" data-attributes="member: 10877"><p>How can describe the economy as bad. Yes, it has its ups and downs but the economy has been exceptionally strong since 1983. </p><p> </p><p>Subprime mortgages are only %20 of all mortgages. Of those, only about %5 went bust or are going to go bust. Mostly because a bunch of mortgage companies approved loans to people who had no business taking out a loan. While this is a high number it is no way representative of the economy as a whole.</p><p> </p><p>There is usually 1 or 2 sectors of the economy that may not be great at any given time but the rest usually do well. </p><p> </p><p>Char</p></blockquote><p></p>
[QUOTE="Char, post: 270226, member: 10877"] How can describe the economy as bad. Yes, it has its ups and downs but the economy has been exceptionally strong since 1983. Subprime mortgages are only %20 of all mortgages. Of those, only about %5 went bust or are going to go bust. Mostly because a bunch of mortgage companies approved loans to people who had no business taking out a loan. While this is a high number it is no way representative of the economy as a whole. There is usually 1 or 2 sectors of the economy that may not be great at any given time but the rest usually do well. Char [/QUOTE]
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