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Thursday, April 8, 2010

Signs of Overheating

inflation is running around 2%.
The powers like that, but it is not a good thing. It should be zero.

GDP growth is 5.5%. Wow! That sounds high to me. I thought 3% was the sustainable number.

Gold is $1,148 per ounce. What can I say?

Oil is $85 a barrel. That is great news if you own an oil well.

All the stimulation is to make the rich richer. Always a wonderful plan. The excuse used to sell the stimulus is to get people employed. The unemployed are generally in two groups, those between jobs and those who are not employable. The unemployable don't need an overheated econoomy. They need other forms of help.

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