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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Gotham Guru who wrote (50311)1/19/2006 6:08:33 PM
From: Mike Johnston  Read Replies (3) of 110194
 
The economy is hardly growing. As a matter of fact it could be contracting as we speak. GDP is at 4%+ because it is not properly adjusted for inflation. Understated inflation=overstated GDP.

And the productivity growth is just a myth.
Is a real estate agent 100% more productive because he sold a house that is 100% more expensive ?

Death spiral means that the economy is in a position where the only two scenarios are either a depression or hyperinflation since the government is technically bankrupt.

The unemployment is low now, but what will unemployment be like if real estate on the coasts drops 50% or more and interest rates rise to 10%+ ?

We are in the bubble of epic proportions and the economic pain will be epic as well.
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