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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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