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To: discostu
Home loans and second mortgages -- WAY UP
Credit Card Debt -- WAY UP
Bankruptcies and loan defaults -- UP
Inflation on basic costs of living -- UP Real wages -- DOWN
State and City Income Tax Receipts -- WAY DOWN
Savings -- WAY DOWN

Hedonically adjusted inflation -- WAY DOWN!

People are trained to spend, to borrow to spend, to borrow more to spend ... so

Retail Sales -- UP!

Worry about Tomorrow -- DOWN!

BE HAPPY! :-))

595 posted on 04/13/2004 3:59:55 PM PDT by bvw
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To: bvw
Home loans and second mortgages -- WAY UP - not related to free trade
Credit Card Debt -- WAY UP - not related to free trade
Bankruptcies and loan defaults -- UP - not related to free trade
Inflation on basic costs of living -- UP - actually not true
Real wages -- DOWN - also not true
State and City Income Tax Receipts -- WAY DOWN - the government has less money to spend and this is a problem how?
Savings -- WAY DOWN - not related to free trade

Hedonically adjusted inflation -- WAY DOWN! - yeah
Retail Sales -- UP! - good news, money makes the economy go round, if people aren't spending then other people aren't earning, that's called a recession

Worry about Tomorrow -- DOWN! - also good news, worry about tomorrow causes people to not spend, which causes other people to not earn, which is still called a recession
599 posted on 04/13/2004 4:03:11 PM PDT by discostu (Brick urgently required, must be thick and well kept)
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