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And then there is the increasing level of experimental speculation. Now I don't care if the bubble markets are only 20% of the housing market, and the numbers avwerage out. These are still the enterprise producing regions. They are the hotbeds of entrepeneirship. Economic growth starts in these places, then when the new companies reach experimental a experimental certain size they start moving production to cheaper zones. So any decline is going to have a deproportionate impact. In the medium term this might be good, it might reopen these regions to start ups without the a huge stash of cash, but inbetween it might ripple. There could be panics. So much is psychological. Posted by: David Bennett | May 28, 2005 12:42:59 AM Post a comment Name: Email Address: URL: Remember personal info? Comments: essays & effluvia : my alter ego's musings : Get your mind out of the gutter Best Burgers in NYC Antique Automobile Show Rock's Oldest Joke: "Freebird!"
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