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Strategies & Market Trends : Ride the Tiger with CD

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To: Claude Cormier who wrote (22090)11/28/2004 2:23:15 PM
From: kacy_in_LA  Read Replies (1) of 312371
 
Claude:

<<It will take decades...>>

This is the most relevant part of your comment. If a shift in world economic dominance occurs, it will happen over the course of the next generation or two ... not next year, as often seems to be the expectation in many commentaries. And who can say what social and technological innovations may occur in that time period that will alter what seems, at the moment, to be a predetermined path. To my mind, there is not a tradable or investable thesis here -- unless, of course, you want to try and take advantage of those who think that their is.

One thing is for sure ... if you look back through history, the accuracy of long-run economic predictions (those beyond 5-10 years) hovers around zero percent -- we like to forecast based on straight line projections of current conditions, but the marketplace is dynamic in the extreme and follows anything but a linear path.

Kacy
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