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


To: mishedlo who wrote (70776)11/1/2007 12:49:39 PM
From: mishedlo  Respond to of 116555
 
I also want to add that interest rates are too high for the real economy but not high enough to dampen speculative borrowing.(for now, but perhaps not much longer) This situation is a result of Fed caused distortions, ability to borrow money into existence, fractional reserve lending etc.

It is a structural problem and bound to blow up.

Mish