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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Sea Otter who wrote (85627)8/29/2007 1:17:58 AM
From: John Vosilla  Read Replies (3) of 110194
 
'Delaying the correction of past excesses by pumping in more money and encouraging more borrowing is likely to make the eventual correction more painful. The policy dilemma facing the Fed may not be a choice of recession or no recession. It may be a choice between a mild recession now and a nastier one later.'

We might really need an early 1990's type recession.. Disciplined consumer on a budget, tighter credit, no rampant speculative excesses, dampen inflationary expectations, reign in Chindia growth and excess investment and use of natural resources.. Perhaps if this is the end game it is the reason gold shares aren't performing well?
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