The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: TH who wrote (98155)	10/1/2008 8:48:09 PM
From: benwood	1 Recommendation Read Replies (2) of 110194

The bubble in GDP/tax receipts contributed by the financial services sector (including the extension to home builders, mortgage brokers, surveyors, real estate appraisers and so on) masked a significant decline in US production. Wipe away this excess, which could be as high as 20-25% of the entire economy, and you have an economy which has already decline significantly from just 8 years ago. The bailout will help keep a few at the top in their high paying jobs for another couple of months, but it seems to be that what's really under the hood is already hurting a LOT. I think foreign gov't are going to have to do a lot more than prop up our dollar: they are going to have to send us money, too. And a lot of it.

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