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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: russwinter who wrote (2107)3/15/2004 10:04:17 PM
From: Wyätt Gwyön  Read Replies (1) of 116555
 
and try not getting stuck into preconceived notions of things, like some of you may have.

ROFLMAO

Incomes in the current environment are not collapsing, they are stagnant.

those of us who are educated on this matter realize stagnation is HIGHLY irregular at this stage in a recovery. in fact unprecedented.

this is why the economy is characterized as being on steroids, for your information.

I think Wal Mart Skus are really, really up in the air right now.

LOL, you also "thought" bond sentiment was bullish. i'd say "penny for your thoughts" but i don't want to overpay.

look for people to really be able to sustain rationing, shortages, and even more inflation through their borrowing power.

faulty theories always have a catch. for example, the problem with the Dow 36,000 theory was that dividends got double counted (they were supposed to be paid out, but also count as investment toward future earnings growth).
in the case of your theory, the catch is you think the consumer's ability to borrow in the face of record debt and the absence of real income growth is infinite.
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