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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (7304)10/25/1997 12:09:00 PM
From: Haim R. Branisteanu  Read Replies (1) of 94695
 
Would strongly suggest to all to visit this site:

odci.gov

and get some factual number about the GDP of the countries now in trouble.

Well it's raining in NYC but I get some very chilling feeling. total GDP around 7 trillion (corrections wellcome)and I hope I AM WRONG.


As 20% to 30% economic contraction is usual in a recesion, such a GDP contraction will result in about $ 1,500,000 to $2,200,000 MILLION (yes 1 plus 12 zeros or 10 with exponent 12) will disapear from the global market.


US GDP is around $7.2 Trillion only slighly above all those economies.
If count in Australia with $405 billion, the US is below this number.

Europe is not in a boom or in a recesion depending who you count, so not a great picture.

Happy Trading
Haim
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