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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (717735)	12/12/2005 11:43:52 AM
From: DuckTapeSunroof	Respond to of 769667

"missing 'big picture'" I doubt it, Rarebird. Consumer spending still represents 2/3 of GDP, (as I pointed out....) And, with savings actually negative in real terms now, I would now expect a surge from that source in the near term. Also, rising rates are fast taking the steam out of the primary means consumers have used in recent years to bridge the savings gap: mortgage refis. CHECK THIS GRAPH OUT: GDP Growth: With and Without Mortgage Extraction Friday, December 09, 2005 calculatedrisk.blogspot.com