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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (671)	2/25/2004 8:59:37 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 116555

Thanks for that post. I remember when Fleck used to chat on these boards ... he is sharp!

To: mishedlo who wrote (671)	2/26/2004 7:02:32 AM
From: ChrisJP	Read Replies (1) \| Respond to of 116555

Mish, thanks for posting that Fleck rant on Greenspan. I agree completely with what he's saying. 1. Our economy is dependent on the US consumer (to the tune of 60%) to sustain itself. 2. The consumer is close to tapped out, and when rates have to rise short term to deal with short term inflationary forces, the consumer will stop refinancing (if they haven't already), and thanks to inflation or a lower dollar, or whatever, will be forced to consume less. 3. And down we go. Got USPIX ? lol Chris