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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: jackjc who wrote (24230)11/2/2006 9:20:29 PM
From: John McCarthy  Read Replies (1) of 78419
 
Hi jackjc

Link to the first article ...

I see it different than you AND I really *don't* wanna
find out whose right ...

>>>>>>>>>>>>>>>>
Given the dominant role that the US consumer has played in driving the demand side of the world economy and the equally important role played by the Chinese producer in shaping the supply side, decoupling won’t be easy. By our calculations, China and the US collectively have accounted for an average of 43% of PPP-based global GDP growth over the 2001-06 period -- well in excess of their combined 35% share of world output. Globalization makes decoupling from such a concentrated growth dynamic especially difficult, as ever-powerful cross-border linkages have become increasingly important in tethering the rest of the world to these dominant engines of growth. Decoupling requires economies to cut the cord and develop new sources of growth. In my view, for an economy to be classified as a “decoupler” it must satisfy three conditions: First, it must have self-sustaining domestic demand -- especially private consumption. Second, it needs to have a diversified export mix -- both in terms of products and destinations. And third, it must have policy autonomy -- the ability to establish independent settings for monetary, fiscal, and even currency policies.
>>>>>>>>>>>>>>>>

morganstanley.com

EDIT
originally posted by MISH
Message 22958780

regards,
John McCarthy
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