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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Nikole Wollerstein who wrote (116492)1/13/2009 3:59:01 AM
From: elmatador1 Recommendation   of 206135
 
Recession? This is a localized, mostly OECD, severe downturn. Affecting only about 700 million people, around 10% of world's population.

The rest of the world did not live off finance. They are affected because they all use the USD -world's reserve currency- and by the overflow of lack of confidence.

Given a few months, once split into culprits and innocent, the issues will become clear cut and only the ones who partied will be suffering hangovers.

Consider oil prices, which was subject of speculation: It was a huge tax in every person in the planet. From the Sudanese cooking with kerosene to the executive in his private jet, anbd the billionaire yatch.

Now prices plummeting, the whole world got a tax cut. Same goes for food inflation.

Let this G7 thing be worked out by the ones who gorged in underserved profits.

Criris is healthy for China, since it forced an upgrade of the growth model. Also very healthy for Asia for it to kick its outdated -copied from Japan- exporting model
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