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

To: Hawkmoon who wrote (109712)	3/18/2010 2:27:36 PM
From: Mike M2	Respond to of 116555

Yes, I would agree. The Austrian economists and market commentators whose views are influenced by the austrian school warned for years that the debt fueled consumption bubble was unsustainable and the U.S. economy was being damaged by the distortions to the demand and output structure . To be specific the over expansion of retail, trade deficit, housing bubble and the associated job losses resulting from the end of unsustainable imbalances.