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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (19333)10/15/2003 10:54:36 PM
From: Jamey  Read Replies (1) of 81934
 
Searle, the American worker has been sacrificed for the bottom line by moving manufacturing, IT technology and science positions to foreign labor overseas. They produce at a much lower price and companies sell at the same price as before. This has been going on longer than most realize and it is finally showing up in earnings.

The question that I ask is what long term effect 6.2% unemployment will eventually have on the economy. The ballooning stock market is another bubble caused by the influx of new money and foreigners buying our debt. It will end up in another Black Friday, imo.

Just stick around. Copper, zinc and other metals are rising because of the huge needs of Red China. Gold and Silver is undergoing technical repair for another advance to $400.00 before the end of the year.

It also looks like we are due another arms race and maybe even a resumption of the Cold War as China has now entered the space race. They are strictly interested in outer space missile technology using lasars, nuclear fission and the like. No science project for them. They are the bomb and North Korea is the short fuse that will escalate world tensions in the near future.

You know what means to the fear factor and the bullishness in the stock market, I assume?

James
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