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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (26257)12/17/2002 11:35:41 PM
From: elmatador   of 74559
 
Jay, the whole world economy is using parachutes to avoid hitting the cement like a tomato. This is what clouds the of many people.

1) Japan has been using -for the last 12 years- its capital accumulated to slow down its return to insignificance.

2) Germany is now using the money of the bank Kreditanstalt für Wiederaufbau -which used to finance projects- to hand out to companies which would employ unemployable people in another pseudo-job creation scheme.

3) Governments are under pressure to keep paying its machine while their coffers are being depleted.

3) The US, is handing out money -via second mortgages- to keep consumers buying to keep economy afloat.

4) France is handing out money to France Telecom to keep a cadre of employees with civil servant status from rebelling.

5) Firms that should be liquidated are being allowed to go under Chapter 11 and ressurecting, thus not letting capacity out of the economy-

CONCLUSION: The system has gone bust but it is not apparent to the untrained eyes.
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