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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?


To: Henry Volquardsen who wrote (2696)12/26/2000 10:03:28 AM
From: Hawkmoon  Read Replies (1) | Respond to of 3536
 
In the current environment most of the 'provinces' have significant troubles.

Y'know Henry, that's why I like hanging out with you guys..

You help me to confirm and amplify on my thoughts (gleaned from trying to look at all the data, of course), and give me all kinds of nifty metaphors and analogies to better explain it.

I think a lot of folks are seeing the obvious (the US being dragged down by less competitive trading partners), but fail to understand this as being the likely cause of the trade deficit. They just think the US is consuming beyond its means because they are comparing it to economies that are not performing to their potential.

And maybe the Europeans and Asians, out of some sense of jealousy or incredulence, externalize the problems they are experiencing, believing we should slow down. Except the reality is that they should be speeding up, deregulating their economies in order to reward capital investment, reorganizing their capital markets and extensive govt social entitlement structure, leaning to privatization over centralized control.

Regards,

Ron