Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (52122)	8/6/2004 4:32:12 PM
From: AC Flyer	Read Replies (2) of 74559

>>The China power situation is actually bullish for a great many activities....<< That's nice. Now, perhaps you could go tell that to my suppliers as they contemplate their inability to purchase wire or manufacture their products and their sublimating cash flow. >>If Greensputin could, he would probably prefer to have such power buttons and transport levers.<< You are a prisoner once again of your warped ideology. On what planet is an inadequate economic infrastructure and economic output inadvertently and irretrievably lost forever a preferable alternative to judicious monetary policy? >>You are also, though may not realize it, living in a command economy<< Well, there are no absolutes, but the meme that runs through this thread that says that China's brand of Communist capitalism is somehow superior to the US's brand of democratic capitalism is one that I do not buy. As to all the hot air on the topic of oil, this is a problem that free markets are supremely capable of solving. Oil is one of the few products for which classical economic theory works well. i.e rising price reduces the marginal propensity to consume. In the real world, this means that I shall continue to fill the tank of my Toyota Sequoia at $5.00 per gallon while others may make different decisions. End of problem. On to Iran. I am looking forward to the various kinds of pressure that President Bush applies to the head-hacking mullahs during his second term. I do not think that this will bring economic cataclysm. The US has an awful lot of ruin in it.

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