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

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To: Little Joe who wrote (94030)2/9/2009 11:48:56 PM
From: mishedlo1 Recommendation  Read Replies (2) of 116555
 
The biggest two things Clinton had at his back were

1) The internet boom increased productivity massively
2) Consumer attitudes

#1 was what allowed Greenspan to reduce rates withing causing price inflation. That in turn fueled the stock market

#2 Boomer attitudes towards buying stuff, computers, cars, boats, houses, etc was on the rise. This too created jobs

Look around now at the attitudes toward debt and the ability for Bernanke to cut interest rates lower. Look for a productivity boom of any kind. The "peace dividend" was simply icing on the cake then and even that is missing now.

Mish
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