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Originally Posted by shakran
Perhaps he is taking a well earned vacation. At any rate, your comment is tantamount to a personal attack. I find that when people make unwarranted attacks on the character of another in a debate, it is generally because their own argument is so weak that they need to distract attention from it. On reading your subsequent argument, I find this theory has been reinforced. You say people will keep paying the mortgage, keep buying things, keep going to entertainment, etc. I'd like to know how you think they'll do that if they don't have any money.
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Actually, I was complimenting Host. In a previous thread he predicted the fallout from the subprime crisis. I felt the crisis would pass quickly and was primarily media driven. I was mostly wrong and he was mostly correct (I don't think things will ultimately be as bad as he predicted, but things are a lot worse than what I predicted). He takes shots at me and take shots at him.
People will keeping working, earning money to pay for things. Employment is at high levels, the economy is still creating jobs. Consumer spending is high, and the economy is still growing.