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

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To: Kenneth E. Phillipps who wrote (7337)	6/1/2004 12:14:33 PM
From: mishedlo	Read Replies (1) of 116555

Amazing. They are trying to pin this all on Iraq and gas prices. There is no bubble in housing, we are creating jobs, It's all about Iraq. Yeah Right The snip you posted is the only snip in a long stupid article that gets it right The slow income growth amounts to a ``wage recession'' that makes the rise in GDP irrelevant to many voters, Mark Mellman, a pollster for the Kerry campaign, said in an interview. ``GDP is an abstraction,'' he said. ``People can't eat the GDP, they can't use it to buy medicine, they can't educate their kids with the GDP.'' quote.bloomberg.com

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