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To: kellynla

The high prices are merely an artifact of our artificially-depressed dollar.

The Fed should be setting the interbank rate at closer to 5% rather than 2% - it’s widely recognized that this rate should be almost identical to the annual rate of growth of the economy, the GDP.


8 posted on 05/08/2008 9:46:25 PM PDT by Redbob (WWJBD - "What Would Jack Bauer Do?")
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To: Redbob

Of course, if we can import more cheap Chinese plastic junk toys and move them around and mark them up multiple times, we can make our GDP boom!!

The GDP gives such a false sense of prosperity when we get into imports.


10 posted on 05/08/2008 9:50:20 PM PDT by Gondring (I'll give up my right to die when hell freezes over my dead body!)
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