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Strategies & Market Trends : John Pitera's Market Laboratory

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Don Green

sixty2nds

To: robert b furman who wrote (22020)	8/3/2019 6:47:30 AM
From: elmatador	2 Recommendations Read Replies (1) of 33421

Bob, The way I look to the macro situation today, and basing on my experiences with 80s and 90s; the macro situation has moved in a different direction. People still tend to think that it is just a wobbling but the world is going in the same directions. It is not. The Move to Extreme The power of the capitalist system, vis a vis the options, is that it is being constantly renovated. Because Capitalism appeals to man's (man as in Mankind) animal spirits, it tend to extremes and can't be fine tuned. Thus Booms and Busts. Globalization was not supposed to be concentrating all growth in China. It was supposed to be spreading capitalism more evenly across the globe. Since it went all China's way. the pendulum starts now swinging back. The Chinese, not versed in business cycles, thought that it was growth forever.It never is. They ae starting to learn that business cycles exist. The have made the consequences of the end of the cycle worse by trying to use their weight to delay the down turn.

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