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  • nononsense301 nononsense301 Sep 20, 2007 4:39 PM Flag

    CNBC

    He wanted to bail out his wall street friends. Or, Bush squeezed his balls and force him to cut drastically.

    The data did not support such a drastic cut. Dollar is dead and foreign governments are converting their foreign exchange reserves from dollar to euro (i.e. no buyer for US treasury, meaning US cash flow is choked).

    Lets wait for a full blown recession.

 
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