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It's not just the discretionary spending that's been hit, for reasons the "man on the street" do not understand a lot of people are losing their homes. Didn't I read about a bank run on a major bank in th UK a few months back? UAE just bought Citi and a bunch of banks here are laying of thousands. The only thing holding up the U.S. economy right now is the upcoming election. A lot of the investments you see in Thailand are people with money desperate to find a place to put it that could be safer then some of the more volatile markets out there. Look at the big money flowing into China for the same reason? I am just holding my breath and hoping to get back home (LOS) before things get to desperate.
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