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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 416.72+1.2%Dec 26 4:00 PM EST
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To: carranza2 who wrote (29280)2/10/2008 3:46:44 PM
From: Maurice Winn  Read Replies (1) of 218752
 
USA exports are booming. There are buyers lined up wall to wall to buy any houses which are sold. China's GDP is growing at 8%. USA unemployment remains low. Umpty mega$billions of petrodollars are wanting to be recycled. The housing peak was well over two years ago. Market clearing is under way, though, as you say, a LOT of tidying up is to be done this year. Big Ben and all the politicians are gung ho for launching helicopters with bales of buckks to be sprinkled over the country to celebrate in quintessential American fashion by going shopping, which will supposedly save the world.

It is amusing to me that going shopping is supposed to be such a great thing. Rewards for patriotic duty and economic valour could be awarded to champion shoppers who fill SUVs with stuff.

As our great and estimable idol Uncle Al KBE used to say, we don't know there's a bubble until it bursts and we don't know there's a recession until it is happening. Which is true sort of, but Y2K certainly looked like a bubble to me. So did Japan in 1989. So does New Zealand right now and the bust has begun according to the latest Barfoot and Thompson house sale reports.

Mqurice
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