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I stand by my statements that US fiscal policy is geared to consolidate and add value to fiat in the top 1%. The domestic market will be squeezed of every penny earned.

Yes, very much so.

A political narrative is built into all the main structural economic indicators, and that makes them suspect as a measure of what's really happening in the real economy. (q.v. our discussions about unemployment.)

Using them as if they measure something that matters only propagates the narrative - it doesn't necessarily tell anyone anything useful about the real experience at street level.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sun Oct 7th, 2007 at 05:39:40 AM EST
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