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Reply #23: Missed This the First Time: [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-02-10 09:07 AM
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23. Missed This the First Time:
Even if CBO were right about recovery, which it is not, this projection is internally inconsistent and wholly implausible. It isn't going to happen. Low overall inflation (at two percent) is inconsistent with the projected rise of short-term interest rates to nearly five percent.

Like the SS shortfalls driven by 1.9% growth rates, this is beginning to sound like a model which is constructed to result in a certain prescription.

That is really, really good. And it's even better it was delivered as testimony rather than simply being published.
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