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But they also said that inflation is a concern but what vexes me, and maybe some more econ people can explain this but, why do they keep lowering interest rates? Wouldn't that cause inflation? Or am I crazy?[/quote]
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I'll hazard a guess (and it's only a guess).
We don't seem to MAKE much in this country anymore. We buy and sell houses to one another...over and over and over.
Some people make the houses, others sell stuff to furnish them, some do remodeling jobs, still others are involved either directly or indirectly in the real esatate aspect.
If housing goes even further south...it will affect a lot more than real estate agents.
Sears...appliances, lawn care, tools
Home Depot...lumber, tools, home remodeling stuff, etc.
Costco...stock up your big freezer in your big garage
Bed, Bath and Beyond type stores...bedding, towels and gadgets for the home
Furniture Stores...all the stuff you need to fill up the house
IKEA...same stuff, but more of it
Target, WalMart...decorations for holidays, garden stuff, cleaning stuff, etc.
Just my humble thoughts.
Last edited by Quirkygal; 04-03-2008 at 04:40 PM.
Reason: I wanted to
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