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

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To: glenn_a who wrote (96222)8/12/2008 8:39:45 PM
From: bart13  Read Replies (2) of 110194
 
Cool! - thanks Glenn. I'm also a big fan of Catherine Austin Fitts - gutsy lady who tells it like it is and was.

One of the best things about being a data geek is that (excluding "challenged" people like Mish) it gets away from all the opinion and noise, and just allows one to concentrate on facts.

I was pretty sure months ago what was *actually* happening in the EC by just looking at their actual GDP trends etc, and I'm pretty sure about China too. Their nominal GDP is still expanding at about 10% but given their CPI at around 7%, that puts real GDP no higher than about 5% and as low as 3%... let alone that they're subsidizing around 40-50% of the energy costs of the country by not allowing full world prices to have their effect.

That data has all been out there for months, much like the ESF intervention data was out there for weeks, and very few actually just plain looked... not the least of which being our "special" media.
Good grief - I'm just one retired guy with minimal econ schooling slaving away over a giant Excel workbook... <g> ... and seriously, my main point really is that the basics are out in analysis and actual facts and fact gathering.

I was the only one who picked up and has been publishing ESF stats (for over a year now) to the best of my knowledge, and not one of the big names saw fit to mention it two weeks ago when I saw it... and I finally just said screw it and posted the chart on a few boards.

I hope I'm not sounding like I'm tooting my own horn too much. I've been under the weather on & off lately, and my evaluation could easily be off and this could come across like a rant or breaking my arm by patting myself on the back.

I am actually considering a strong rebuttal type article directly addressing Mish's noise about that intervention, and with minimal flaming... we'll see.
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