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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: jimmg who wrote (62298)1/19/2007 11:59:20 AM
From: mishedlo  Read Replies (3) of 116555
 
The economy is very strong right now.

Not by house prices, foreclosures, or bankruptcies, or even jobs.
That last jobs report would have been a bad jobs report under clinton.

Besides I do not believe it.
Even if one does believe it, it was barely over the birth rates and immigration rate.

GDP has fallen from 5% to 2% while credit has soared.
Is that a sign of strength?
Heck the GDP alone says the economy is far from strong.

There is IMO no realistic way to look at things and conclude the economy is strong.

Mish
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