2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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To: Haim R. Branisteanu who wrote (91914)	6/28/2012 9:20:48 AM
From: elmatador	Read Replies (1) of 217575

Haim, consider that if the oil price had been low, Italy (which I use here) would not be in so dire straits. I pursue the line of thought that it the high cost of imports is what is derailing Europe. Once can argue that high pension obligations are killing compnaies in social democracies. Yes, it is correct. But we must remember that those pensions were promised during the bright days of the past. General Motors and Nortel are cases in point that prove it is not only an European phenomenon. If we'd add everyhting it becomes a lethal cocktail. Add high pension obligations that sink companies, high costs of imports, high cost of governments, high subsidies...

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