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

GLD 387.88

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Nov 28 4:00 PM EST

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To: TobagoJack who wrote (49078)	4/24/2009 1:06:29 AM
From: Snowshoe	Read Replies (2) of 218114

Meanwhile, on your side of the world... The Global Downturn Lands With a Zud on Mongolia's Nomads Falling Cashmere Demand Triggers Defaults, Forced Goat Sales and a Livestock Glut By GORDON FAIRCLOUGH TSOGT, Mongolia -- Waves from the global economic downturn hit Sodnomdarjaa Khaltarkhuu when bank officials showed up at his tent on the edge of the Gobi desert and threatened to foreclose on his goats, sheep and camels. Falling demand for cashmere among recession-hit shoppers in the West is cutting into earnings among nomadic herders in Mongolia, whose goats produce the soft fiber used in high-end sweaters, scarves and coats. The result: herder loan defaults. more: online.wsj.com

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