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I've started this blog as an open forum to discuss current topics in the news in a "Point - Counter Point" manner. By using this method of debate, I seek to encourage all to lend their voices and opinions by weighing in on the current days topics up for discussion. Welcome to POINT - COUNTER POINT.
Unemployment is not a lagging indicator this time. The present situation is unique. Personal income has declined, and consumer credit has been constricted massively. Holiday retail sales will be abysmal, and by the beginning of the year the facade will evaporate. Sell stocks now, buy gold !
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