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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (20967)10/29/2004 10:55:28 AM
From: Jim Willie CB   of 110194
 
and higher spending for cement
for rerod and plywood in construction
for furniture in McMansions
for plasma TV's

GDP growth correlates well with consumer credit growth and Asian import growth

we as a nation do not differentiate on spending quality
whether on retail for junk which produces debt
or for plant and equipment which produce jobs

we are fast becoming a nation of economic morons

/ jim
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