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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST

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To: donald sew who wrote (7969)3/11/1999 8:59:00 AM
From: HairBall  Read Replies (1) of 99985
 
donald and ALL: Earlier this month, Rubin called on the Group of Seven industrialized nations to work together to improve domestic
demand-led growth in Europe and Asia so the world economy wouldn't have to depend so much on U.S. growth.


bloomberg.com

Let me see if I can understand this. The “only” way I can figure that a strong US Economy really helps the rest of the world is “if” it means because our Economy is strong “we” the US are consuming stuff like crazy and are buying boatloads of imports, thus running huge trade deficits.

Now that would make sense. The US is running up huge trade deficits to support the rest of the world. Let's continue to print those dollars and inflate the money supply so the US stock market and economy can continue to be strong so “we” can buy stuff from all those other countries to keep their economies afloat.

I suspect some day in the near future, when the dollar stops being the “primary” currency of choice, all those dollars out there are going to scuttle our ship….

I am just looking at this from a layman's point of view. What do you think TugBoat Captain Jim?

EDIT: Globex is telegraphing, that the bearish formations on the RUT and COMPX charts may well be negated this AM. I have seen only one formation negated since I first started posting on SI last June. That was at a market turn. As it seems to be the following phrase of choice these days...”time will tell”.

BWDIK as always…
Regards,
LG
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