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

To: mishedlo who wrote (42771)	12/14/2005 2:43:50 PM
From: regli	Read Replies (2) \| Respond to of 116555

>Nevertheless, the economy will begin to recover by the second half of the year and by the end of 2006 the worst of the downturn should be over, though interest rates may need to be cut further in order to boost consumer spending< I am always amazed at the arrogance of these statements. They clearly had no clue about the present developments as the chancellor was outrageously optimistic of the economy in 2005 and most everybody believed him. But the future is always better... because we don't know what it brings...