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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Steve Lokness who wrote (10022)7/30/2004 2:06:04 PM
From: russwinter  Read Replies (1) of 116555
 
<Might the speculator now be the engine keeping the economy going replacing the consumer?>

In my view that's a big part of what's happening (plus some natural shortages from maladjustments and because capital is flowing into the wrong areas). And the speculator is enabled, dare I say, encouraged, by the easy money.
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