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


To: mishedlo who wrote (7606)6/7/2004 2:18:46 PM
From: yard_man  Respond to of 116555
 
are the other exchanges closing, too?? just curious



To: mishedlo who wrote (7606)6/7/2004 2:23:18 PM
From: yard_man  Respond to of 116555
 
re roach:

>>To the extent that the US economy's income-generating capacity remains impaired and that the authorities, after allowing for a meaningful pick-up in the CPI so far in 2004, are running out of ammunition in providing alternative sources of growth, it seems reasonable to presume that the breaking point could be sooner rather than later.
<<

I would add to that real-income generation -- inflation adjusted over and above current debt service -- when you think about that: it's clear -- there isn't any recovery -- it's all denial.