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Originally Posted by roachboy
ace--you could, you know, read the report.
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I am not a speed reader, but so far (first line in the Executive Summary), nothing disputes anything I have written here:
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In 2010, world output is expected to rise by about
4¼ percent, following a ½ percent contraction in 2009.
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Do you call a 1/2 percent contraction in 2009 a catastrophe or whatever the word being used is? On a macro level, I argue that a 1/2 contraction is not abnormal and underlies a fundamentally sound, in this case, global economy. Further, to have a 2010 rise of 4 1/4% after a contraction happens when there is a fundamentally sound economy. If you think I am wrong, support your charge!