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October 29, 2014
Episode 12 Synopsis: Greenspan's QE Criticism Too Little Too Late
  • FOMC declares "substantial improvement" in economy.
  • Does this narrative reflect the best possible spin or ignorance?
  • Behind the 3.5% GDP number:
    • Deflator - 1.3% indicates decrease in inflation.
    • 4.6% surge in gov't spending
    • Big drop in trade deficit resulting from drop in crude oil prices adds 1.3% to GDP
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