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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: KyrosL who wrote (9173)9/14/2001 2:42:37 PM
From: David Howe  Read Replies (2) of 74559
 
<< Sept 11 means the clock turned back to a world order worse than the Cold War. >>

I think you have this completely backwards. The world is pulling together, not separating into cold war factions. This crisis has drawn support for the US and support for world trade and world cooperation. While I don't know what the market will do short term, I believe that the effect of this massive terrorist action will be a POSITIVE on world trade and harmony.

Only the terrorists will truly suffer, and I hope they suffer dearly.

Economically, very short term, there will be a hit due to the lack of air travel, etc., but the long term economic ramifications of this are actually positive.

--------------------------

TRIBUTE TO THE UNITED STATES

This, from a Canadian newspaper, it's worth sharing. Widespread but
only partial news coverage was given recently to a remarkable editorial
broadcast from Toronto by Gordon Sinclair, a Canadian television
Commentator. What follows is the full text of his trenchant remarks as
printed in the Congressional Record:

America: The Good Neighbor.

"This Canadian thinks it is time to speak up for the Americans as the
most generous and possibly the least appreciated people on all the earth. Germany, Japan and, to a lesser extent, Britain and Italy were lifted out of the debris of war by the Americans who poured in billions of dollars and forgave other billions in debts.

None of these countries is today paying even the interest on its
remaining debts to the United States. When France was in danger of collapsing in 1956, it was the Americans who propped it up, and their reward was to be insulted and swindled on the streets of Paris. I was there. I saw it.

When earthquakes hit distant cities, it is the United States that
hurries in to help. This spring, 59 American communities were flattened by tornadoes. Nobody helped. The Marshall Plan and the Truman Policy
Pumped billions of dollars into discouraged countries. Now newspapers in those countries are writing about the decadent, war mongering Americans.

I'd like to see just one of those countries that is gloating over the
erosion of the United States dollar build its own airplane. Does any
other country in the world have a plane to equal the Boeing Jumbo Jet, the Lockheed Tri-Star, or the Douglas DC10?

If so, why don't they fly them? Why do all the International lines
except Russia fly American Planes? Why does no other land on earth even
consider putting a man or woman on the moon? You talk about Japanese
technocracy, and you get radios. You talk about German technocracy, and you get automobiles. You talk about American technocracy, and you find men on the moon - not once, but several times - and safely home again.

You talk about scandals, and the Americans put theirs right in the
store window for everybody to look at. Even their draft-dodgers are not
pursued and hounded. They are here on our streets, and most of them, unless they are breaking Canadian laws, are getting American dollars from ma and pa at home to spend here.

When the railways of France, Germany and India were breaking down
through age, it was the Americans who rebuilt them. When the Pennsylvania Railroad and the New York Central went broke, nobody loaned them an old caboose. Both are still broke.

I can name you 5000 times when the Americans raced to the help of
other people in trouble. Can you name me even one time when someone else raced to the Americans in trouble? I don't think there was outside help even during the San Francisco earthquake.

Our neighbors have faced it alone, and I'm one Canadian who is damned
tired of hearing them get kicked around. They will come out of this
thing with their flag high. And when they do, they are entitled to thumb their nose at the lands that are gloating over their present troubles. I hope Canada is not one of those."

Stand proud, America! Wear it proudly!!
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