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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: seed_partner who wrote (647)6/25/2000 9:22:00 AM
From: UnBelievable  Read Replies (2) of 436258
 
Double Bubble

George Cole posted this on MDD. It is a very comprehensive discussion of the market forces which are going to be reshaping the American and Global economy.

The stock market is over-valued by close to 50 percent, according to most economists who have examined stock prices and trends in corporate profits. The dollar may be over-valued by 30 percent, or more, as evidenced by the large and growing United States current account deficit. These over-valuations present extraordinary misalignments, in which major markets are seriously out of line with their long-term values. These misalignments, and the inevitable adjustments, will have enormous consequences for the United States economy.

cepr.net

Don't come back until you have read this article.
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