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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: A. Geiche who wrote (647)7/30/2001 11:16:20 AM
From: Ahda  Read Replies (1) of 1643
 
There is growth in the telemarketing industry there is limited growth going on in the middle income sector. I agree with what Ravi Batra has written as my eyes see and question the Fed figures that deceive my sight.

Uncle Sam, no longer rich but in desperate need of incoming largesse, has become the largest debtor in the world, but since the debt is not in foreign currency, its ill effects would take time to erupt. Foreign debt has already destroyed seemingly strong economies—Thailand, Malaysia, Indonesia, South Korea, the Philippines, and Brazil among others, whereas obvious laggards such as Mexico and Russia are simply gasping for breath. The United States is still standing tall despite its mountain of debt, but since its liabilities are not in terms of a foreign currency, it will be the last domino to fall. The country doesn’t need to raise interest rates to attract foreign exchange, which is what is killing the other debtors
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