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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: TobagoJack who wrote (109447)1/14/2015 8:15:23 AM
From: Snowshoe  Read Replies (2) of 219225
 
Summer 2001: Elmat issues call for "a new abracadabra". And so we got the 10-12 commodities boom that is now going bust ...

Message 16011350

The need for abracadabra

What the world economy needs is another abracadabra. Someone has to concoct a similar scheme like the oil shock. As you know what was known as the oil shock, was in fact the oil boom. Huge infrastructure build out in the oil exporting countries. Since they couldn't spend all that cash -even after they bought London hotels and shares in western companies- they invested their Petrodollars in western banks which recycled then to third world countries to build more infrastructure.


*****

Now we need a new abracadabra. Some kind of new scheme that prompt the world economy once again. Perhaps someone in California is already thinking about it. Lets keep our eyes open for any sign of an abacadabra so that we can cash in on it.
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