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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (21915)1/21/2005 11:37:02 AM
From: patron_anejo_por_favor   of 116555
 
<<"After a little while the government will try to take over from the consumer and really starts spending, enlarging the deficits to mind baffeling proportions."

That was the path of Japan, Rome after Nero, and a host of other countries including the USA today. It did not work in Rome, Japan, and it will not work here either. "It's NOT different this time.">>

Of course it won't work....but the reason it is what is done is political expediency; it's easier than taking the harder, shorter path of allowing markets to clear and getting on with it. I'm confident our fearless leaders will do no better.
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