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


To: Chispas who wrote (954)3/1/2004 1:50:23 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 116555
 
Bonner, call it STAGFLATION, since growth is twisted

the growth is exaggerated and distorted with statistical adjustment
the real economy is shriveling, including the service sector
the financial economy got a boost, but that will be given back before long

when we have clear recession, it will be properly called
STAGFLATION

/ jim