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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Hawkmoon who wrote (91477)10/6/2007 6:57:24 AM
From: Smiling BobRead Replies (1) of 306849
 
Actually, that was my point. But I was alluding to the picture of health the US needs to portray. That 4k job loss was reported to give Ben an excuse to cut. Now it's revised drastically upwards and more in line with what was the consensus. I'm wondering if Calculated Risk has any graphs showing the history of revisions and whether this was an unusually large one. Questions are now being asked what would last month have been like if these numbers were not reported as they were. Would the Fed have been so quick to cut?

But either way, the Fed chose inflation over recession. A recession would spread globally. Asia needs us to buy to support their growth and we need their money to support our war.
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