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To: LLCF who wrote (39085)6/12/2000 8:34:00 AM
From: Les H  Read Replies (2) | Respond to of 42523
 
I'm just saying that calling it a productivity led expansion is akin to saying nothing. It's gibberish. Expansions are led by expanding availability of money and furthermore by consumption. The US is a demand-driven economy, witness the trade deficits. Plus, the expansion has been in force since 1991.