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Pastimes : CNBC -- critique.
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To: arno who wrote (3577)8/21/1999 5:35:00 PM
From: Thomas M.  Read Replies (1) of 17683
 
What a bunch of propaganda! The Fed has expanded the money supply at twice the rate of economic growth since 1982, and the direct result is that total debt (corporate + government + household) relative to GDP is the highest since the late 1920s. That credit bubble didn't end well. No credit bubble ends well.

Tom
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