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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 389.75+0.5%Dec 1 4:00 PM EST

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To: TobagoJack who wrote (35915)6/20/2008 7:49:16 AM
From: elmatador   of 218134
 
The "diverting attention" business. Attention has been diverted in the past 2 years from the solid growth and the middle class created that would bid for the available resources. Oil, food, Materials and energy. You name it.

World thought that it was cyclical and would be the same of past decades.

China will slow down

Unwind of the Yen carry trade.

A flight for quality would ensue.

I kept saying, This is structural. Brace for it. Create countermesures.

Had the world firmly believed that emerging markets are unstopbale and are here to stay, they would have put in place countermeasures. But they denied. Now they are suffering the results of that.

Europeans were just happy with higher Euro because it lower their USD priced oil imports. They forgot how high could it go and now can't afford oil.

Their currency was created based on the old set of circumstances. Can't survive the new set.

I have wrotten in 20006 according to Elmat:

Euro 2008 desintegration start being talked about 20008. Need I to dig out the 2006 prognostics I did?

I can. (It is is wife's PC upstairs) You will see the only salvation for GM is to merge with F. It is all there.

Divert attention os bad. Deviates the attention from the real issues. But electorates like heads in the sand.
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