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Originally Posted by Undertoad
Sorry for the long post.
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No, no -- thank you for the long post, as it is fairly interesting stuff. This is all new to me, all of these economic links, and so I find it difficult to digest. Macro economics was never my thing.
As for the "economy is doing great" thing, I just don't see it. I'm ignoring the bond rate inversion news of today and just going on what I see around me. With consumer debt at an all-time high and the insane spending that both the people and government are engaged in scare me greatly, not to mention that manufacturing and the dollar are in the tank. The trade deficit continues to widen and China's grip on industry tightens each day. So even with the hyped growth, I don't get positive feelings about any of this. That is, however, because most of my information is based on a national level. I look at the closing of manufacturing plants, layoffs, and the trend of the general state of the average US citizen. I suppose none of this explains the economy overall, so when I found out about one of the major international ties to oil, I considered that it might help explain a lot of the fluctuations I don't understand very well. But, ah, it is still very confusing and I'm not certain I buy into any of these "analyst" predictions.
A lack of dog and economics education won't prevent me from playing armchair economist, though!
Nice digging, UT.