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BETTING ON THE ECONOMY….

Posted by Leonard Steinberg on May 4th, 2012

When Warren Buffet speaks, I listen: To-day he said the tepid economic US growth is directly related to the housing market. The minute construction picks up, so too will the economy as construction fuels job growth and spending. Right now I am aware of several thousand new apartments in advanced planning stages for New York: construction has either just started or is about to begin. That means unemplyment will drop and the New York economy should improve noticeably over the course of the next 12 months…..

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