CNBC Mad Money April 16, 2010
consumer debt-fuelled economy, given that the consumer is healthy and getting healthier worldwide, i would say not only is it sustainable, it might be multi-year sustainable. our next bugaboo is housing. every day, we hear about mounting foreclosures. banks taking back homes at increasing levels. but i say if this were a real worry, you wouldn't be seeing such powerful rallies in jpmorgan or bank of america or wells fargo. they own too many homes through foreclosure. it simply wouldn't be possible if those would be around if the stories were as bad as they think. in fact, the very op...
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