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

To: mishedlo who wrote (13985)	10/25/2004 11:00:34 AM
From: philv	Respond to of 116555

""And so long as people continue to believe that inflation will remain low and stable, the secondary impact of rising oil prices, on wage for example, or the price of industrial goods, should be limited,"" The above quote really says it all. The facts don't matter, perception is everything. It is what we think or believe that counts, and that is why it is so important to tell the great unwashed what to believe, rather than the facts. Russ's MOP (Ministry of Propaganda) and all the attendant spinners and hangers on know this full well.