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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Archie Meeties who wrote (10431)3/19/2004 12:17:42 AM
From: Jim Willie CB  Read Replies (1) of 110194
 
China has been grossly underestimated by US observers
the economists love to turn to past cycles
because they are lazy and poorly trained

China, since 1999, has changed the world
esp in mfg

India in the last few years has also changed the world
esp in service

only since US weak-eyed observers have detected the massive job underperformance, have they finally figured out the extent of the threat to the entire US Economy
but they deserve little credit
since they waited until the evidence slapped them across the face
they did not see anything coming

the US Economy is in liquidation
and economists label it a recovery
there is a recovery underway, the world economy
led by Asia, at US expense for capital and jobs
this is tragically sad

/ jim
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