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Fears of a credit crunch have subsided, and although real estate investment trust aren't providing the same spur to new construction as in the past, more traditional sources of real estate finance such as pension funds have been picking up the slack.
In short, abolishing the service academies and picking up the slack via other commissioning sources would make the U.
If it becomes clear that other parts of the economy are picking up the slack from the weakening housing market, and higher energy and commodity prices are bleeding through to the rest of the economy, the Fed could always resume its upward moves after a pause of a few months.