The New Economy and its Winners Message Board

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Strategies & Market Trends : The New Economy and its Winners

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To: Keith Feral who wrote (47731)	1/16/2009 5:32:19 PM
From: Doren	Read Replies (1) of 57684

There has always been a global economy Well let me put it this way: In the roaring 20s Europe was a smoking ruin. In the roaring 50s Europe and Asia were smoking ruins. The US was the supplier to the world, pretty much untouched both times, and got a gigantic head start on industrialization and knowledge that lasted until a few years ago. ... I don't think we can continue to think the same way we have. Money moves instantly now. Jobs can be relocated due to the efficiencies of container based shipping and vast financial efficiencies, computerization and global information systems. Everything we know economically is based on models that no longer exist. Our economic models used to be pretty insular, mostly inside the US. Can't do that anymore. Our economists are trying to fix our economy, their economists are reacting and trying to fix theirs. It's voodoo.

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