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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (75207)12/10/2006 8:28:39 PM
From: pogohere  Read Replies (2) | Respond to of 110194
 
Thanks. It would seem that official CPI measures leave out many financial components that absorbed quite a bit of money supply/credit and include the rise in housing prices, for example, as "owner equivalent rent" and the like, thereby falsely portraying the effects of credit creation. I am persuaded that John Williams has a good handle on this at shadowstats.com and that Richebacher at richebacher.com has accurately analysed the failure in the US over the last 5+ years to create wealth through savings and capital investment and properly focused on the fact that credit creation has outpaced savings by leaps and bounds.