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Pastimes : Discussion Thread

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To: TimF who wrote (1369)	8/1/2008 5:28:49 PM
From: c.hinton	Read Replies (2) of 3816

re" slowdowns like we have now" Tim i do not hear anybody saying this is normal .Nothing the fed has done can even be taken as anything near the responce required for a normal recession. as to that article....its rather amazing that no where does it mention the effect of massive personal debt and the collapse of collateral backing that debt. equally damning is the last paragraph ...so damning in fact as to lead me to say that the whole article a peice of unmitigated BS!!!!!! the slow growth and high inflation the author implies to have only occurred in the early 80s had been going on for the better part of 5 years. 1980 saw the fed reacting against that stagflation by driving up interest rates to tame inflation. THAT IS WHAT WE HAVE TO LOOK FOREWARD TO AT THE END OF THIS MESS! please please please get real!!!!!!!!!!!

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