Good Evening Pancho,
Long time no talk. The list of countries slowly sliding into recession/depression gets longer and longer as the market shrugs off all negative news. These are my calls for the next 18 months.
What Y2K will be like is an unknown at this time. However, the fact that 50% of Americans believe in UFO's or that Jerry Springer is the #1 rated talk show makes me think there might be more trouble than what's been voiced here in this forum.
Gone:
Indonesia - 50% unemployment, 80 million thrown into poverty
Going in 3-6months
South Korea - labor strikes, $ 450B in corporate debt.
Russia - experiment in Capitalism almost over here come the reds here comes financial panic in Western Europe (Germany).
Brazil - Goodbye Russia, goodbye Brazil.
Venezuela - The longer oil stays under $ 16, the faster the collapse.
Going in 6 - 12months
Mexico - Oil, oil, oil.
Canada - O Canada. Cda $ is $ .67 US economy is slowing govts got to raise rates.
Australia - Asia going, commodities deflating, $ collapsing.
New Zealand - See Australia above.
China - we will not devalue, we will not devalue.....not.
Japan - How much bleeding can one country take.
South Africa - Commodities deflating. Goodbye South Africa, hello anarchy.
I didn't include all those other Asian countires such as Thailand, Malaysia, Phillipines etc. We may also see some trouble in Great Britan as rates rise and economy slows and with OPEC countries. The clock is ticking and the Tsunami is coming.
Russian business says IMF is irresponsible
biz.yahoo.com
Japanese dumping foreign assets
biz.yahoo.com
Japan's economy declines in all sectors
satellite.nikkei.co.jp
80 Million Indonesians cant afford to feed themselves
iht.com
Greenspan gloomy on Asia
dailynews.yahoo.com
Some analyst detect slowdown in US economy
latimes.com
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