``I must give him his due. He has considerably cretinized me.'' Lautréamont

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Wednesday, June 14, 2006

The Mark of the Bust (Martin Mayer)

a recession is forecast by a boom.

it goes in cycles.

so do all the indicators.

a recession is forecast by the last recession

after that, look for a boom

then a recession

a recession gets rid of what does not work

Recent large increases in foreign official holdings by the federal reserve banks could forecast a recession.

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