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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (7381)	2/9/2004 12:39:12 AM
From: Jim Willie CB	Respond to of 110194

this comment summarizes the economic stupidity "Unless there is more job creation and faster wage growth, it is difficult to see how real consumer spending, (which makes up) 70 percent of the economy, can continue to sustain strong economic growth," Wood said. how on earth can a consumption-based economy EVER sustain? why should any competent economist EXPECT it to sustain? howcome few economists even DISCUSS debt levels? 70% of GDP is consumption 78% of GDP is debt service consumer debt has doubled since 1990 these facts alone foretell an impossible econ recovery / jim