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Date Posted: 13:58:44 07/16/03 Wed
Author: Naval Vithalani
Subject: The market has again misunderstood the Fed' view

Debt, Debt, Debt....this will bring down this house of cards.

The declining Bond prices mean that the housing sector that was expected to top out and crash in Jan 2004 might explode earlier around October/November.

The rising borrowing costs are also going to hurt corporations, consumers and banks.

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