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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.40+0.5%Dec 9 4:00 PM EST

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To: dvdw© who wrote (134018)6/2/2017 3:52:32 PM
From: Gemlaoshi1 Recommendation

Recommended By
Elroy Jetson

   of 218341
 
dvdw,

It's all a matter of maintaining a bit of perspective. To wit:

In 1988, all ten of the largest banks in the world were Japanese

In 1989, the Neikei reached 39,000, the most expensive stock market in the world

Japanese real estate was creating overnight billionaires

Japanese companies were buying US real estate, golf courses, farmland, forests, natural resources

It could go on forever because they owed all of their debt to themselves

The Japanese were going to corner world resources and leave the US a pauper

Japanese carmakers were going to put US carmakers out of business

The Japanese were going to become the dominant world player and leave the US in shambles

In a couple of quotes attributed to JM Keynes (or not):

"The world can stay irrational longer than you can remain solvent", and

"There is nothing more disasterous than a rational investment plan in an irrational world".

Does the Chinese situation show signs of being irrational? Definitely

Could it continue for another 10 years? Possibly

Will the Chinese take over the world? Probably not.

watch and wait

Dave
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