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Mish's Global Economic Trend Analysis: Canada GDP Declines .3%, Largest Drop in Two Years - Don't Worry It's "Temporary"; Canadian Apologists Be Warned
Canadian apologists say weakness is overstated and temporary. I say it’s understated because few realize what is happening and how serious this is.
Global stimulus has faded. It’s gone. Kaput. And that stimulus was the only thing holding this global economy together.
Strip out government spending, QE madness in the US, and unsustainable credit growth in China and you have a flatline global economy at best.
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“I was into being into things before they got popular before being into things before they got...”
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“The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.”
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