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Originally Posted by Cynthetiq
I don't know, nor care.
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Well you should. Looking at the economy takes more than looking at today.
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What I care is about what's now.
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That is merely one piece of the puzzle.
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Between the double digit inflation and the triple digit bank failures... how are we to believe that the economy is getting better?
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The U.S. GDP has grown for the first quarter since the shit hit the fan last year. One step at a time.
October was the retail sector's best month in over a year.
So far, S&P 500 companies are reporting 15% above expectations (as dismal as they were).
The home price index rose for the third straight month.
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10% unemployment, 116 failed banks.
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This in and of itself is a myopic view of the economy. You have to look at the bigger picture if you want to see the signs of recovery down the road.