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As for the FT numbers. Most people still had jobs during the Great Depression. All we need is 20% of houses underwater in places like CA and DC, and for the owners to default, and we'll be in a world of hurt.
BTW I've gone back and read the Japan stickiness article more close. You're right, that would be a scary prospect. I think the US would be more volatile and faster moving.
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Well, another successful blog party hosted at Mr. X's sad pathetic rental has come and gone. We all had fun, exchanged FB stories and got to know each other a little better. I got really well "acquainted" with Mrs. X's sangria (which had some repercussions later on), but overall it was good food, good friends and hanging out. Hopefully, we will continue to have more in the future.
Oh, and the custom Patrick.net T-shirts were courtesy yours truly.
El HARM-o
PS. Am I the only one who's noticed that Patrick.net women are really hot? Need further evidence? Take a gander at LILLL from our last blog party.