Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (37754)	9/3/2003 1:46:58 AM
From: marek_wojna	Read Replies (1) of 74559

<<By the way, the US trade defict is getting a little better - exports are increasing to both Europe & Asia.>> The US is the champion of the world when it comes to subsidy their agriculture. Maybe the exporters having different exchange rate for the dollar not the Forex one. (BTW, common practice in former communist countries). With the dollar hovering close to 100 the trade deficit improvement puts my buyer spirit into curiosity - what kind of motivation I shall receive for choosing at least twice as expensive product made in USA, instead of Asian one? Are the European and Asian nations already full of US patriots? We have a long way to go before like Jay says new abracadabra is born and sold with no competition in sight. As for now I'm perma bear at least till the time wind and solar power will come to 10% of the current prices. Demographics and astronomical almost progress in potential of gains in productivity are the worst enemy for now to stay long in the equities.

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