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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 413.19+1.1%4:00 PM EST

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To: THE ANT who wrote (79707)9/16/2011 10:12:52 AM
From: John Vosilla   of 219033
 
'If the Fed had said in 1981 that they would target interest rates at any level to maintain Credit/GDP at 150%(not let it go to 390%)GDP growth would have been 1% higher a year over 30 years with no NASDQ bubble,no housing bubble no bond bubble and we would have been as wealthy in 2007 as we thought we were.Banks and finance would be only 3% of GDP and money would have gone to the developing world sooner'

Build up of defense, globalization and wealth disparity divide the past 30 years had a lot to do with it too. Obviously piling on of debt gave the folks the illusion they were doing better than they really were.. I find it amazing most that thought it was 'all systems go, coast is clear' even at the peak of the housing bubble now tell me we need more of the same that got us into the mess. Reaganomics was the medicine in 1981 but not so easy to duplicate that now..
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