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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (16033)11/17/2004 10:26:36 AM
From: Tommaso  Read Replies (2) of 116555
 
>>So the moderater says " isn't that the relationship the US used to have with third world countries?"<<

Or the relationship the United States had with England before the American revolution. Or the U. S. South with the North before and after the Civil War.

If the United states would spend money on energy technology instead of trying to make the Middle East over in our image, the results could be astonishing. We let ourselves fall behind the Russians with rocket technology and ten years later we were landing men on the moon.

I have to admit that I do love the French combination: Gothic cathedrals and nuclear reactors. The United States does not have a single passenger train to compare with the French TGVs.

Maybe what the U. S. needs is a really big shock--a kind of economic Pearl Harbor. It could happen. Paul Volcker seems to think it will.
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