TJ, that list is one for the history books.
<<<February 27th, 2001 ...
Do not know about economics, but here are some upcoming news headlines. The order and specific company names are not important. Say 18-24 months. If we do not believe that at least 25% of the headlines will come to pass within the next 18-24 months (time determined by recklessness of Maestro), we should start to accumulate stocks now, looking pass the valley of gloom.
The sooner we see some of these headlines, the sooner we can get back to buying "for the long term".>
2 years was nearly 3 years ago. Still we have not had the long awaited implosion. This is like waiting for the Second Coming and Rapture. It gets boring sitting up the mountain, especially when everyone is having fun down in the valley and winter keeps coming around with still no hellfire and brimstone to warm the cockles of the doomsters' hearts.
Nevertheless, your list is gradually completing, albeit without the expected attendant panic. Market clearing processes need to be overcome to make an exciting collapse to compete with some of the historic events. That isn't happening.
Heck, it's now 4 years since 911. That time flew by! No big financial catastrophe came along.
Even the US$ seems to be wallowing through the problems, with interest rates back up, the stockmarket still somewhat chastened and shrivelled in financial relativity theory shrivelled dollars though still nominally at the same levels and only the housing market to be tidied up. Which is a BIG market and "only" might be understanding the size of the housing market effects.
Meanwhile, the cyberera booms along, accelerating into the 21st century, powered by QUALCOMM and CDMA/OFDM phragmented photons.
In other currencies, US housing has already had a big haircut.
In an interesting move, Fisher & Paykel is to move SmartDrive washing machine production equipment from NZ and Australia to Ohio! Maybe that's a subterfuge to get their motor technology close to Detroit ready to launch a motor-in-wheel all electric car to compete with the industrial revolution internal combustion monstrosity with hundreds of belts, cogs, nuts, bolts, camshafts, pistons, rings, valves, pumps and other moving parts and terrible efficiency and safety.
I think it is really just as stated, to increase efficiency of production and lower costs. But that's the REVERSE of what Americans have been whining about [outsourcing jobs to China, India etc]. One swallow doesn't make a summer, but it's a start.
Mqurice |
