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March 31, 2009

Recession Will End. Depression Will Follow

We had rallies in the stock market over the last few years as the stock market has been going down.

Certainly home sales can tick up, some people think they are getting a bargain, so they buy. Mortgage applications are going up but has nothing to do with the economy. That is simply because we have artificially low interest rates and people are trying to take advantage of it.

The only way you can say that hte recession is coming to an end is because it will turn into a depression.
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