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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: j g cordes who wrote (549)	12/5/1998 9:33:00 PM
From: Haim R. Branisteanu	Read Replies (2) of 99985

Interesting read lp-llc.com With apologies to Shakespeare, no one likes a bubble. That's because there's never been one that hasn't popped. Not surprisingly, my "Double Bubble" thesis of November 24 has come under heavy attack. I was accused of leaning too heavily on what some perceive to be the shaky evidence of a negative personal saving rate (-0.2% in October 1998) to support the case of a dangerously wealth-dependent American consumer. Fear not, there is far more to the story than this one piece of evidence.

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