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01-18-2011, 09:04 PM #1
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Tossing Consumer Under Bus: Insanely Expecting Recovery
Guest Post: Tossing The Consumer Under The Bus...And Insanely Expecting An Economic Recovery
Submitted by Tyler Durden
01/18/2011 18:32 -0500
by D. Sherman Okst of Financial Sense
Tossing the Consumer Under the Bus...And insanely expecting an economic recovery
I’ve been pouring through the Fed Reserve’s recent release of circa 2005 FOMC meeting transcripts. The most striking observation that one can make is that the consumer - the very lifeblood that determines whether our economy will live or die - has been discarded.
Discarded --- as in tossed under the bus.
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