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Closing Update for Wednesday, August 12: The Fed's Relative Optimism Is Catching

Really Ben? Come on! Retail Sales DOWN! (Even with the Gov paying people to buy cars! This means it slowed that much more in other categories) Unemployment UP! (like that is any surprise) Foreclosures UP! (what did you expect?) Home Prices DOWN! (That sure sounds like good news) Stop the BS, the economy is still declining. Remember- Deflationary Debt Destruction... Until the excess debt is discharged there will be recovery. Ignore this at your own risk...