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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 156.00+0.6%Nov 28 9:30 AM EST

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To: LLCF who wrote (6673)8/16/1998 10:54:00 AM
From: Jim Willie CB  Read Replies (2) of 10921
 
tidbit on Russian economy
1/3 of all business activity is within their black market... perhaps the largest black market in the world, more like a barter market now using US$ more and more

1/3 of all businesses in Russia do not pay their proper taxes... stems from black barter market

their federal govt is simply destitute

old school above board citizens have little concept of profit/loss, asset/debt since profit is vile... new school below board citizens live and thrive in the black barter market... gonna be interesting to see how it all plays out... definitely a consumer market though, not in the same league as Asian who live to export

two cents, Jim Willie
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