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We are simply watching the correction that needed to happen...give it all some time to work through the system and the US economy will come back even stronger.
I am in the US at the moment and while Wall Street is imploding, the common Joe so far does not seem to be too bad off. Compared to most, Wall Street seems pretty far away.
While it will make it harder to borrow money, things were getting pretty loose before this most recent tightening...probably not a bad thing and may actually encourage people to start living within their means...
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