ia0 - I wonder if the growth of the entire 90s isn't being wiped out.
The Gov lied worse than Enorn and WCOM combined about having grwoth last year and if they did that they might just be doing it aqain now. Doesn't feel like positive growth to me with the flood of serious warnings.
I wouldn't be surprised if we aren't now already in the second down leg and the beginning of deflation.
You need to act very quickly to prevent deflation and Mr G and his elderly colleagues haven't exactly been acting very quickly or decisively. They have acted as if this was a normal downturn but it clearly isn't.
They have led the US straight into deflation Pied Piper style.
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