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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (43361)	10/12/2005 4:14:16 PM
From: ild	Read Replies (1) of 110194

DJ Fed Olson:If Unchecked, Budget Deficits Corrode US Econ DJ Olson: Short-Run Spending On Hurricanes Not A Big Worry DJ Olson:Temporary Borrowing For Recovery May Be Appropriate DJ Olson: Indus Output Held Back In Sep, Recovering In Oct *DJ Olson: Energy Prices Pose Upside Risk To Core Inflation DJ Fed Olson: If Unchecked, Budget Deficits Corrode US Econ WASHINGTON (Dow Jones)--Federal Reserve Governor Mark Olson warned Wednesday that an unaddressed widening of the U.S. government's budget deficit would pose a major threat to the economy. "If left unchecked, persistent and widening federal government deficits will have an increasingly corrosive effect on the U.S. economy," Olson said in remarks prepared for delivery in Vancouver to the Fraser Institute, a Canadian think tank. "All else being equal, federal government borrowing takes up some of the funds that would otherwise go to finance capital accumulation or to purchase capital assets from abroad."

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