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04/07/2009

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Andy Borgmann

I just watched the whole presentation. Thought it was a fantastic presentation. And gave a lot to think about.

The comment you made about how long will it take to re-employ 4 million people (translate to homes: how long will it take sell off extra inventory in housing) is what I think going to be the real question of the length and severity of this recession.

With that said, I guess the question I keep going back to is that in this era of thrift, what truly are our needs? Take for example: food. It is an obvious need, but at what level? Not everyone started eating ramen noodles starting in October. But at the same time does it make sense to invest in a fast food franchise? Or is that too much (or will be too much) of a luxury? How do the choices we make even within our "needs" category dictate good financial investments, etc...?

Not sure if that made sense at all.

Like I said above though, GREAT presentation.

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