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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: SouthFloridaGuy who wrote (75179)12/10/2006 12:57:28 PM
From: mishedlo  Read Replies (2) of 110194
 
Once again you put attempt to put words in my mouth I never said.
Globalization is a GOOD thing. It lowers prices and increases competition and productivity. Those are good things.

Both globalization and productivity gains masked the inflationary expansion of money in the 90's by the Greenspan Fed. That is the correct way of looking at things and masked is indeed the correct word, which is something I have been saying for a long time. Once again those are simple economic facts.

I am in favor of globalization and you can not find a single time I have ever said otherwise. But I am not in favor of reckless increases in money supply and credit. As hard as it may be for you, I suggest you understand my position instead of spreading lies about it.

Mish
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