Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Hugh A who wrote (36294)	12/15/2004 4:06:01 PM
From: Maurice Winn	Read Replies (3) of 74559

Hi Hugh. <Chairman Greenspan is the ultimate altruist... He is working hard to ensure that 100 percent of the home equity of all Americans is exported to China. His legacy is assured!> I had a look through your posts to remind myself and there are some gems. Uncle Al KBE is not being an altruist. He is turbo-charging the world's economy. Americans send capital to China [much of it borrowed with their homes as security], China produces umpty million tons of stuff which everyone in the world buys, China makes a ton of profits which they use to buy umpty million of those wonderful phragmented photon cyberphones which results in $megamillions flowing back to QUALCOMM and the USA IRD department. The world is turning into an integrated global economy with specialists everywhere, rising wealth and productivity. Uncle Al's legacy is indeed assured. There should be a dirty great monument to him built somewhere nearby Jefferson or Lincoln. Mqurice PS: Oh, I see I already said as much: Message 19125882 sorry about the repeat. I just come over all breathless at the mention of my idol.

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