Posted on 10/02/2002 1:52:44 PM PDT by john bell hood
Today's economic problems have nothing to do with current monetary policy. Deflation is history. Gold and commodity prices are rising, the dollar has weakened and the yield curve is much steeper. Moreover, the economy is growing. Third quarter real GDP growth will be near 4.5%, new home sales hit an all-time record high in August and durable goods new orders are on a clear upward trajectory. Except. Rest of article.
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