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Asset Deflation In The Us Accelerates

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a 2003 Country Motor Coach fetched $150,000 -- far less than the $600,000 Mr. Peacock paid for it or the $200,000 he owes on it...

In all, 500 items sold for about $300,000. About $200,000 went to pay the auctioneer and other expenses. Both houses are still on the market.

So $100k left over minus the $50k owed on the Motor Coach. Not the best day of his life I'd guess.

Edited by John51

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So, "assets" is the new term for worthless crap one buys in order to fill the bottomless hole left by leading a life devoid of meaning or value? Nice.

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