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Strategies & Market Trends : Trader J's Inner Circle
NVDA 188.23+0.1%Nov 7 3:59 PM EST

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To: LTK007 who wrote (45172)7/26/2001 7:06:48 AM
From: PMG  Read Replies (1) of 56532
 
The most recent trend in media is to point increasingly to others' economies weaknesses. All of a sudden the situation in Japan is close to collapse and Europe is unproductive as ever and, in any case the recession elsewhere is always deeper and longer than in the US.

And even here on Si where a lot of people are as critical as you, most do not realize that this is no balanced view. E. g. in Europe people do not earn so much more in boom times and don't earn so much less in bust times. Everything is far less extreme than in the US. Thus it is by no means true, that Europe is slipping into trouble much faster than the US now.

Long live the strong-dollar-policy...

PMG
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