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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 408.69+2.6%Jan 5 4:00 PM EST

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To: TobagoJack who wrote (61533)2/28/2010 5:52:46 AM
From: elmatador   of 219002
 
have incurred crushing debts in part because they bought too many Mercedes cars and other imports from Germany and elsewhere, without producing enough of their own export goods.

Mr. TJ, what I know wasn't reading a magazine. It was and still is right there in the front. In the trenches. Bullets zooiming around my ears.

Case in point that above.

My Portuguese colleague here, is a former salesman of Fiber Optics cable, whose market went to Ping and his Chinese cohorts.

He shows me all the consumption he did. The man is consumerholic!!! It makes Experiment looks spendthrifth!

Look the opening paragraph. I use him as an example of all the consumption those peripheric countries did when they thought they had become rich!!!!

You known damn well that what is consumption for is tomorrow's junk tomorrow.

All electronic gadgetry of today is junk in between 1 and a half and 5 years.

All house appliances will be junk in between 5 to ten years. A house and a lot, because outlives natural human lives is not consumption. Ok. granted: your own house will only be investment if you immigrate to Equador, as you once wrote.
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