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To: nspolar who wrote (94772)4/14/2004 12:38:25 AM
From: Perspective  Respond to of 209892
 
No, not bubble-area dependent. That's my point. The entirety of aggregate demand is at present based upon the credit bubble. Absent the credit bubble, GDP will shrink, in a big way. Sure, it will hit the favorites the hardest, but it will impact *everthing* when it goes.

BC