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

To: TobagoJack who wrote (5802)	7/13/2001 8:01:44 AM
From: pezz	Read Replies (4) \| Respond to of 74559

Here I am goin along mindin my own business, makin money.....Trader Mike or Wess posts bad stuff.....LOL my confidence grows .......Then you come along..... An I get scared...... Himmmmmm....How do you do that? And why? What the hell have I ever done to you?

To: TobagoJack who wrote (5802)	7/13/2001 10:26:50 AM
From: cblranch	Read Replies (1) \| Respond to of 74559

Hi Jay, I see you as the antithesis of CNBC. Therefore I'm afraid that you need to be rounded up and incarcerated as soon as possible.(without i-net access) Just think, if your exposure increases and the masses become enlightened. There are not enough exits for an orderly unwinding. A possible alternative; can you imagine, Jay TV? I'm sure Jay would hire only the finest(i.e. the best looking female) talent that money can buy. But no, Jay is too much of an introvert to own, produce, direct, narrate, and star in his own financial network. Thanks for the links, Brad (sending a resume for associate producer position)

To: TobagoJack who wrote (5802)	7/13/2001 10:34:53 AM
From: Ilaine	Respond to of 74559

>>Troops, Ships, Minesweepers for G8 The Associated Press Thursday, July 12, 2001; 1:11 p.m. EDT ROME –– Thousands of troops, including specialists in chemical, nuclear and biological warfare, will be part of the security used to protect world leaders at next week's Group of Eight summit in Genoa, the Defense Ministry said Thursday. Minesweepers and other ships are also headed to the port city, and a missile defense system was installed earlier this week, the ministry said. The government plans to use 2,700 army, navy and air force troops during the summit, but none will be deployed against demonstrators, according to the Defense Ministry. They will be used for air and sea patrols, and some surveillance work. Crowd control is being left to between 12,000 and 16,000 police officers, who will be armed with tear gas, water cannon and batons. Anti-globalization protesters are expected in the thousands at the July 20-22 summit in the Italian port city. Protests have evolved into a fixture of international meetings since riots rocked the 1999 World Trade Organization conference in Seattle and the 2000 meetings of the International Monetary Fund and World Bank in the Czech Republic. The anti-missile system set up as a precaution is a short-range, anti-aircraft battery similar to those deployed at several of the country's airports, Col. Paolo Bressan said. Dubbed the SPADA, the land-based system consists of missiles capable with a range of more than 9 miles and an altitude of 5,000 feet, Bressan said. Citing security reasons, Bressan refused to say how many missiles the system contained. With many leaders, aides and journalists being lodged on ships or in hotels near the port, and with the conference sites also near the sea, water security is considered crucial. Navy personnel, including divers, will be involved in inspecting ship hulls for mines as well as sea patrols. A torpedo destroyer and a minesweeper are part of the fleet. Air force planes will survey the city from the skies, and the army is supplying paratroopers and bomb disposal experts. The G-8 will be attended by leaders of the United States, Britain, France, Germany, Italy, Canada, Japan and Russia.<< washingtonpost.com

To: TobagoJack who wrote (5802)	7/13/2001 11:02:20 AM
From: Ilaine	Read Replies (3) \| Respond to of 74559

>>IOC Awards '08 Olympics to Beijing Associated Press Friday, July 13, 2001; 10:23 AM MOSCOW –– Beijing was awarded the 2008 Olympics on Friday, winning the games for the world's most populous country for the first time. The International Olympic Committee picked China over rival bids from Toronto; Paris; Istanbul, Turkey; and Osaka, Japan. Beijing won on the second round of a secret ballot by receiving 56 votes, setting off a flag-waving celebration of tens of thousands of people in the Chinese capital. Toronto got 22 votes, Paris 18 and Istanbul nine. Osaka was eliminated in the first round of voting, with six votes. Despite criticism of China's human rights record, Beijing was the front-runner throughout the race. IOC members clearly believed that the Olympics will open China to the world, improve the human rights situation and speed social and economic reforms.<< washingtonpost.com I can't help thinking about the 1936 Berlin Olympics . . . . (Hi Jay - I finally finished my paper on the German recovery from the Great Depression, 1932-1938. Time marches on - we'll get the take-home final a week from Monday. Such are the vicissitudes of summer school. I am more convinced than ever that deliberately pursuing deflationary measures in a deflationary recession (redundant?) is suicide - counter-cyclical measures work, but they take time, a long time, like maybe a year. Time to think about cutting prices, cutting costs. There's a maxim in economics - prices are sticky downwards - I think one reason is that while we still have everything we need, we aren't motivated to cut prices - we being humans, Homo Economus. A strong dollar means the US consumer buys more foreign goods because they are relatively cheaper. Hell, even if the dollar was weak, foreign goods would still be cheaper because US overhead is so damned high* - despite the fact that real wages haven't increased in a while, despite full employment. If the dollar slips, you guys are going to have to cut costs to keep selling to us. Europe is stagnating for a reason few suspect - the population is aging. Low birth rates will do that. US is aging slower because of more open immigration policies, but we need to work harder at integrating Latinos into the entrepreneurial economy (the Asians do just fine). Those babies grow up into workers - the old farts don't produce, just consume, ever slower. I don't believe the Club of Rome got anything right.) *We need to figure out how to cut overhead. Taking out a few layers between the producer and the consumer is a good idea - but those guys in the middle are going to have to find new jobs.