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Saturday, February 25, 2006

From the Economic Sleight of Hand department:

Economics sure can be a hoot! It turns out that the American economy is experiencing an upswing even though American citizens are increasing their wealth but not getting any richer. How can this be? It seems that our consumption has been primarily enabled by credit card debt and borrowing on homes. When will we learn? Hell, when will the world of credit come crashing down around us? (Earth Times)

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