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

To: Jim Willie CB who wrote (10658)	3/22/2004 9:36:09 PM
From: SOROS	Read Replies (1) \| Respond to of 110194

Look at the GDP they tout -- 3rd quarter 2003 was over 8%, yet wages grew by a tiny .8% during the same period. So where did all the benefit of this "economic expansion" go? To corporate profits which grew over 40% in that period. Who owns stocks? Nearly 70% are owned by the top 5% of the people. When will the millions of "investors" realize that the stock market was created and continues to be pumped and fed for the benefit of that 5%? They are selling "PAPER" to the sheeple over and over. They create it out of thin air and then unload it on all the lemmings. The sheeple feel great about making a few thousand on their "portfolio" in a year while ignoring that the 5% are lining their "portfolios" with tangible assets as they sell paper by the boat load. The westman pointed out again that the NAS was in the 200s in 1990. This insanity deserves to cripple the country economically no matter how sad it will be. I remain, SOROS