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Registered
Join Date: May 2001
Location: Peoples Republic of Long Beach, NY
Posts: 21,140
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The talking heads who don't understand the current dynamics all merge into a common think so they can All say they were correct, for circumstances, to each other when every goes crapola. The deep indicators lead to a future of political stonewalling vs the good of the economy. We're at economic war with China and India and the a-holes in congress can't get their act together. This hasn't occurred for over 30yrs. If Bush doesn't take major control of economic policy we could all be screwed for 5-10yrs. So far Bush can't get anything going. SS is doomed, I think. If his tax reform gets stonewalled then that's the big bad indicator that fiscal policy is in the $hit can. Along with crippled fiscal policy is a poor economy that reaches out and touches everyone.
oh btw. many indicators jerk around monthly. Consumer spending, jobs, and housing are among the most volatile.
don't forget that it's a world economy filled with competitive countries. World markets will respond to US fiscal weakness before the US figures out what's happening.
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