CareCredit, an arm of General Electric Money Company, states clearly that the card is intended for patients seeking elective treatments, such as dental work or vision correction surgery, not for emergency care.

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"Their support for the housing market is particularly important as we work through the current housing correction, " he said.

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The great correction is still doing its work.

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My work strongly suggests that this is the start of a significant correction, or perhaps it was even the top of a cyclical, two-year bull market in a larger, secular bear market.

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