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

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To: pogbull who wrote (359)	8/12/2003 10:05:42 AM
From: Jim Willie CB	of 110194

David Wyss of Standard & Poor put it well just now on CNBC but he doesnt realize the kneejerk conclusion "after 18 months of economic expansion, we have seen no job growth" conclusion: there has been no economic expansion only a rise in the fictitious deceptive USGovt statistics HOW TO LIE WITH STATISTICS ??? the USGovt is taking it to a new level never seen before with hedonics and inflation undercalculations also, we saw in Q2 a rise in debt 6.5 times greater than the rise in nominal unadjusted GDP 6.5 to 1 spinning gears with debt, just like the Austrian School warned WE MAY SEE THE FIRST RECESSION IN HISTORY, WHICH WILL BE TOTALLY UNDETECTED / jim

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