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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 398.55-0.2%4:00 PM EST

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To: elmatador who wrote (11041)11/4/2006 7:45:06 PM
From: THE ANT  Read Replies (2) of 218562
 
El Mat.I tend to agree with you but am not quite as confident.I remenber about 6 years ago seeing a chart where in the past recessions tend to globalize.Might the US then not hard land if the Brazils of the world do well?I do believe the rules of a more globalized world are different.Remeber,the exageration in the US has been balanced by excess conservatism in the developing world.Brazil has squashed demand by high rates and the Chinese have done it by an authoritarian hand(and taken the rest of Asia along for the ride)Why would this not be part of Adam Smiths invisible hand applied on a global basis.Might it be possible for the US consumer to be in trouble and not the US economy?How did house building in any way make the US better off?At least the NASDAQ bubble produced technology.Housing produces neither technology nor increased production.I for one am happy this is over with.Why shouldnt the invisible hand do the rebalancing?And if it needs a little help so the change is not too rapid I am sure the US,Europe and Japan wouldnt mind holding hands and trashing their currencies about 10% ,in unison
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