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  1. #1
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    Consumers, enriched by massive tax cuts and super-low interest rates, splashed out in the quarter and drove the growth rate to its steepest since 1984, stunning analysts.

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  2. #2
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    If I look into it I find that the growth is because of the ongoing Iraq occupation. This growth is lost money and is mostly going into a deficit of the national budget.

    carneol

  3. #3
    Affiliate Manager Allen Nance's Avatar
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    <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by carneol:
    If I look into it I find that the growth is because of the ongoing Iraq occupation. This growth is lost money and is mostly going into a deficit of the national budget.

    carneol<HR></BLOCKQUOTE>

    If this was true, then the 1st and second Quarters would have shown this too.

    Nice try Carneol, but The new estimate, based on more complete data, reflected stronger investment by business on new equipment and software, less severe cuts in companies’ inventories and more brisk spending on residential projects.

    Allen

  4. #4
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    We will see. The deficit this year is near by 800 billion $$$. If this will be confirmed then what I said is true. It is not neccessarily so that this had to show up in Q1 and 2. It is infact so that it would first show up in Q 3 qnd in Q4 and ongoing next year.

    carneol

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