Friday, August 17, 2007

Fed Drops The Rate

This is very important in many respects. This will help businesses out. Whatever happens we have to stay out of a recession. Once we get there it will be hard to get out.

Oregon historically is one of the first states to fall into a recession and one of the last to get out. We aren't as tied to timber as we were before but I think we might still have the problem.

But this won't keep us out of the woods. There is still a lot of fear in the market with the lenders. Even Countrywide is looking weak.

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