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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.

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Adequate Ago Buffer Decline Deep Home One Piece Purchase Residence Year

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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If I’ve made myself clear, I’ve misspoken.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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Excessive optimism sows the seeds of its own reversal.
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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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