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Politics : PRESIDENT GEORGE W. BUSH
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To: MKTBUZZ who started this subject1/11/2004 11:50:58 AM
From: DuckTapeSunroof  Read Replies (2) of 769670
 
"... In a balanced economy, credit expansion is fully matched by
available domestic savings. The decisive evil thing is [a] credit
expansion that exceeds available domestic savings. That is the
regular, cardinal culprit behind all dangerous economic and
financial imbalances, and also behind all inflations. What the
Greenspan Federal Reserve refuses to accept is that their beloved
wealth-creation reflects incredibly dangerous inflation in the
asset markets... "
dailyreckoning.com
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