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10 comments on The Finance Round-Up: October 23rd 2007

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CrystalRadio on October 23, 2007 - 11:33am Permalink | Subthread | Comments top

Destined to fail

The reason the SIV bailout must fail is simple: Living paycheck to paycheck gets harder. The calculus of living paycheck to paycheck in America is getting harder. Across the nation, Americans are increasingly unable to stretch their dollars to the next payday as they juggle higher rent, food and energy bills. It's starting to affect middle-income working families as well as the poor, and has reached the point of affecting day-to-day calculations of merchants like Wal-Mart Stores Inc, 7-Eleven Inc. and Family Dollar Stores Inc....

I get the naive image of a rubber bands in a ball snapping from the inside until failure reaches the 'upper crust' and the ball falls apart. But then I lead a very simple life, root vegetable anyone?

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musashi on October 23, 2007 - 2:42pm Permalink | Subthread | Parent | Comments top

Super SIeVe.

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