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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (131966)2/8/2001 11:46:04 AM
From: Scumbria  Read Replies (1) | Respond to of 1570935
 
Tim,

No sign of the economy being on the edge of collapse in 1992. The economy grew every quarter. The economy was coming out of a recession that it occurred in 1990

The recovery was living on borrowed time. Greenspan made it quite clear that interest rates were going up unless something was done about the deficit.

The bill passed by a single vote (Al Gore's), AG immediately relaxed interest rates, and the recovery made it past it's infancy.

Scumbria



To: TimF who wrote (131966)2/8/2001 12:34:12 PM
From: boris_a  Read Replies (1) | Respond to of 1570935
 
but it hasn't been some sort of economic miracle.

Especially if you consider total US debt (public+corporate+private) expansion over last years. Debt growth was about 3-4 times higher than GDP growth. Not sustainable over long term.

Regards, Boris


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