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Old 11-12-2008, 04:30 PM

Prices Take the Plunge: The Fall of the U.S. Consumer


By Bill Bonner. "And now...'prices finally plunge,' reports the Daily Telegraph. An auction in New York of Impressionists and modern art was supposed to bring in $800 million. Instead, it barely fetched half that much - only $470 million by Friday night."

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