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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: Dealer who wrote (45903)1/8/2002 4:25:58 PM
From: Jim Willie CB  Read Replies (2) of 65232
 
Detroit aint seen nothing yet on layoffs
wait until Japanese Yen is debased another 15%
and Lexuses are available for $10k cheaper than US competitors

I expect at least two more similar large scale layoff announcements from each of the US big three auto makers

this is a consequence of the TSUNAMI of deflation
i.e. huge price cutbacks and cashbacks

watch Japan be reduced in the next few years to just another banana republic PacRim Tiger with a shitful currency and numbnut leadership
this is what they get for refusing to bury dead banks
instead of plowing them under, they nationally monetize those same huge set of banks
the end result is a sharply lower currency, cheaper exported cars and electronic products
THEY EXPORTED DEFLATION TO THE UNITED STATES
it is called a Tsunami

to be more accurate, it has lacked a single shock to qualify as a true tsunami
it is more like a black hole with an inconceivably strong western wind pulling down prices worldwide
we are talking about the 2nd biggest economy in the world
that is, if you regard Europe as several economies

the real TSUNAMI was the Sept11th attack and the immediate Federal Reserve money supply infusions
just read that the infusion in one month exceeded the entire amount of currency in the US economy in 1965 !!!

now that is a tsunami
so the Japanese blackhole western wind will be meeting the US Fed money supply tsunami
and it will lead to a battle all year long
probably with no winner, just losers

/ jim
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