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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (62561)1/23/2007 5:10:17 AM
From: Mike Johnston   of 116555
 
As we can clearly see, stupidity has no bounds.
But in highly inflationary times stupidity is not a handicap. Same for ignorance and recklessness.

Real estate price gains of 22% or 60% like in one of the areas of london would not be possible if not for out of control inflation in the UK as reflected by 14% annual money supply growth.

UK was supposed to tumble in 2004, then 2005, then 06. I was expecting it to tumble as well. But it just keeps rising.
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