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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Earlie who wrote (147612)2/5/2002 4:11:37 PM
From: pater tenebrarum  Read Replies (2) of 436258
 
Earlie, quite correct. in fact, private sector leverage has considerably WORSENED last year, the exact opposite of what you would expect in a recession, and the most damning evidence that the Fed's policies are in fact misguided. unless savings are rebuilt, no genuine recovery is possible imo.
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