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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: carranza2 who wrote (48349)	4/10/2009 2:49:06 AM
From: elmatador	Read Replies (1) of 217852

"in 1960, parenthetically, manufacturing profits had been four times as big, and in 1980, twice as big." Hardly anyone was paying attention." ELMAT: End of 60's the Bretton Woods model was exhausted. Reconstruction post-WWII had ended. Brand new factories in Europe and Japan could compete with the US. Facing with foreign competition, US economy turned from make of things to milk the USD as world reserve currency. "finance, insurance and real estate (FIRE) sector overtook manufacturing during the 1990s, moving ahead in the national income and GDP charts by 1995. ELMAT: IT is a miracle how stupid the rest of the world had accepted the status quo and let this run for over 30 to 40 years.

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