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

To: ItsAllCyclical who wrote (99757)	7/17/2009 1:37:41 PM
From: mishedlo	4 Recommendations Respond to of 116555

Expect Seven Years of Subpar Growth and High Unemployment globaleconomicanalysis.blogspot.com Realistically, growth was far above where it should have been for close to seven years because of the Fed induced lending boom, insane lending standards, and extreme leverage and risk taking everywhere epitomized by "liar loans" and zero-percent down housing. Now is the payback time. We should be expecting growth to be below trend for the next seven years, with a few outliers tossed in for good measure to keep everyone excessively optimistic. Mish