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IPFS News Link • Economy - Economics USA

Financial Contraction Phase II

03-15-2010 • arclein

The American consumer is in a position to walk away from the lenders and this is bullish for Main Street. Those same consumers will be buying all that foreclosed housing and restoring their balance sheets. This is all bullish news. A massive amount of misplaced credit has disappeared and the next tier of financial institutions is emerging from the shadows to carry on as capital flows back in.

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Reported By robert klein

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