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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Mike Johnston who wrote (76187)12/20/2006 5:59:31 PM
From: GST   of 110194
 
<such an outcome runs against economic theory> Well, not really. It runs against economic theory that looks only at one country at a time. None of the developments you mentioned happened primarily due to events in the US. What these developments show is that it is pointless to approach the US without a strong awareness of our interdependence with the global economy.
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