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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Skeeter Bug who wrote (5387)6/4/1998 2:14:00 PM
From: Investor2  Read Replies (1) of 42834
 
Here's a similar viewpoint from another thread:

"For twelve months the growth in nominal gross domestic product has been 6.2 percent and, thanks to a Consumer Price Index that averaged exactly 0.0 percent, the real gross domestic product also grew 6.2 percent. Industrial output soared, up a whopping 11.5 percent during the last four quarters, yet did not set off inflation. With unemployment down to 3.8 percent, the prime rate steady at a relatively modest 5.8 percent (and is not likely to rise as long as inflation stays so low). The budget deficit is vanishing on its own and there may even be a surplus. You may think you've heard all those tantalizing numbers again and again in the last few weeks, but they're not what you think.

Those statistics are from September, 1929, when the stock market was on the verge of a devastating crash. The subsequent bear market took 25 years to recover.

Don't confuse economic performance with financial performance - it can be dangerous to your financial health. PS - you can check out my little quote at the St.Louis fed. "
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