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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Enigma who wrote (6310)6/26/2002 7:03:57 AM
From: John Pitera  Read Replies (3) of 33421
 
Enigma, I have quite a bit of respect for GWB as well as his father. James A Baker, has proved to be a truly brilliant mind, and one who's been able to "show up" and provide leadership and guidance for many, many years.

I'd say that one of the must read books of the past decade is James A Baker III's 1995 book with Thomas DeFrank.

The Book is "The Politics of Diplomacy" Revolution, War and Peace, 1989-1992.

That's exactly what we've been dealing with. on page 75 of the book Baker articulates 3 overarching themes he told the Soviet's in the 1980's.

1- he wanted to remove the competitive east-west dynamic from 3rd World regional conflicts

2- The USA had no surprises in store for eastern Europe.

3- The general body of opinion was that the USA should want Perestroika (which means restructuring) to fail.
But Bush, Baker, Reagan etc did not subscribe to that view.

We've experienced such monumental breathtaking success in foreign policy over the past 20 years that I'm not to sure what the talking points are for those who feel that The US has not admirably navigated the turbulent seas of late 20th century and early 21st century geopolitics and the concommitant Global Macro Environment.

Granted we have seen a bigger correction of speculative excesses than I would have liked. But it was those crazy bubblionians who were chasing MoMo stocks to the exclusion of prudent investments also in Bonds and my everlasting beloved value stocks that enabled that mania.

John
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