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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: westpacific9/28/2007 9:11:46 AM
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PARTY ON - Consumers spending freely, government spending insanely.

Biggest jump in consumer spending in 2 YEARS.

Government adding near 1T to our future obligations.

Me - popping another bottle of the bubbly to celebrate, why not......Napa to support America.

Why worry? No one else seems to be....

So what if we hit an iceburg or two, this is America - we are unsinkable!

Who cares if near 72% of the S&P companies have junk debt statis. Who cares if we can no longer use our homes as ATMs, who cares if you cannot get your 40th Credit Card to roll over your debt, who cares if derivatives are 6xs GDP and exploding, who cares if we can only use our dollars to take a crap....we will create something new and exotic.

Party on Dude.

West
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