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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Rolla Coasta who wrote (5691)	7/6/2001 11:56:34 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hi QPK, I think globalization is OK for the mainland Chinese, as the bare footed can always rumble next to the swamp with the guy in Gucci loafers, but I am not sure globalization will be good for workers in certain industries in certain countries. The total pie may get bigger, but the total number of pie eaters will go up much faster, sooner. For example, globalization will not do much for the electronics guy at the bench in Taiwan. No, lots of friction, heat, sparks and such ahead of us all. Chugs, Jay

To: Rolla Coasta who wrote (5691)	7/7/2001 12:06:27 AM
From: smolejv@gmx.net	Respond to of 74559

consuming our way out of old sins is delaying the finale by X decades (?...years). front page titles in 2025 o China Mae plans 50% home ownerships within the decade. o Major currencies agree to drop three zeros for Xmas o US of Americas says Lhasa accord on drinking water outdated, urges ROW to switch to alternative resources o Rice producers to switch to alternative crops o Carnivourous cows jump fence in Sibiria. dj

To: Rolla Coasta who wrote (5691)	7/7/2001 12:06:30 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

Q, <I'm sure lots of countries are still buying cheap Chinese goods. For now, Chinese people manufacture, make money, and demand foreign hi-tech products> Kiwiland buys Made in China products like there's no tomorrow. China is buying my CDMA products like there's no tomorrow. China will rapidly become 'consumer of last resort' to replace the USA as the world's economic engine. There's more than one economic engine on earth; there are 5 billion of them and more each day. While it's true that the USA economy is by far the biggest, it's only part of the total world economy and it's all one happy village market now [more or less]. However, Jay worries about a single-gene world economy being susceptible to an incoming comet knocking over a few legs and causing total systemic collapse. I don't share that worry though I accept the point in that 200 years ago, if Japan and China disappeared from earth, it wouldn't have affected Europe [other than the price of tea would have gone up]. 100 years ago, it wouldn't have made a big difference. Now, it would make a hell of a mess. Which is not an argument against globalisation, but it is an argument for fragmentation of economic systems so that when downturns come in particular places, fewer people will all be sucked into the maw and the ripples will spread not so far. With a unitary system there are no hills to escape and it will be a matter of speculating correctly on the events, which will also act to ameliorate the damage of messes as hordes of speculators smooth the bumps. People think speculators are bad; I think they are the world's heroes. Putting their money on the line to smooth the bumps and peaks. That takes real courage and much understanding. I'm not up to it [other than on the margins]. But there won't be a single Green$pan currency. There'll be competing currencies including cyberspace money run by companies using their stock value to back them. My theory anyway and now I've gotta go 3D. This square crystal ball gazing is not good in too high a dose. Have to keep an eye on real reality. Pixelated, Mqurice