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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Cogito Ergo Sum who wrote (91213)	9/28/2007 9:54:30 AM
From: profile_14	Read Replies (2) of 206092

What you are seeing it the dollar's purchasing power parity going down the toilet -- to be blunt. Other countries want to maintain their wealth and so are decoupling their currencies to a large extent. We are devaluing our way out of our debt, in essence by trashing the currency with budget deficits and free money. My hesitation is that without the USA a lot of other countries will not have a market for their goods and the slow down here will be magnified elsewhere, just as our economic growth here was magnified overseas. Because of inherent bullish biases most folks have, and because a lot of common "wisdom" these days is being imparted by idiots like Cramer and other momentum-only, technical analysis folks, and live-for-the-moment-but-pay-the-piper-later gurus,longer range thinking is escaping everyone, including politicians from both sides who, aside from being "whores" that will do anything for the next sound bite or a few votes, avoid the real hard decisions that are not being made today regarding imbalances throughout our economy.

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