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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (53906)	8/6/2001 10:14:10 PM
From: moufassa7	Respond to of 57584

Very informative article Tradelite. How did they accumulate $128 billion in debt? They cannot afford to pay the interest. The only solution I have heard about is another World Bank bailout. A temporary solution that does not fix the problem. Maybe we have another market massacre similar to 1998 to look forward to in September. Deja vous all over again.

To: Tradelite who wrote (53906)	8/6/2001 10:33:01 PM
From: Tradelite	Respond to of 57584

As long as I'm on the computer at this late hour, I might as well share one more statement made today by radio-show-host extraordinaire-Cramer that will either prove to be true or not true..... Per Jimbo, once the market gets CSCO earnings announcement out of the way, whether bad or good, more sidelined money will come into the market. The market has been hung up on this event until it happens. (My apologies to Jimbo if I'm misquoting, but this is what I think I heard.) As an aside, I must also mention Jimbo's implication that the money coming into the market won't be going into stocks like XOXO. <ahem>

To: Tradelite who wrote (53906)	8/6/2001 11:53:51 PM
From: Silver_Bullet	Read Replies (1) \| Respond to of 57584

Free trade has a long way to go. The people South of the boarder aren't rich like us north of it. They can't afford 300k homes and 30-60k cars and trucks. Just take a nice trip just south of the our boarder and you will probably see one of the wealthiest areas in the Southern America's but it's still dirt poor. What is free trade anyway? They build our luxury cars our tractors and tools and clothes for dollars a day (literally). What can they buy from us?? Not much!! It doesn't seem like there is too much trading going on. It's pretty much a one way street as corporate America try's to pay as little for labor as possible. The truth is most corporations don't save the money that they thought they would. It takes a lot to start up satelite plant and all the support that goes with it to save a little bit of money on assembly of the product. Anyway, with NAFTA anything built in Mexico has to come back across the border for distribution. HUH??? Put it another way, John Deere doesn't have a plant in Mexico to sell Mexican farmers a $100k tractor. So now that a large percentage all of the building and assembly is outside the US. The jobs left in the US are the design, support and service jobs. Those are typically the last to get laid off. When the US is laying off people plants in other countries have already been closed. It's not really a free market or free trade. It's all US consumerism and the coporations thinking they are saving a couple bucks by paying as little for labor as possible. If the american consumer falters we could be in for some trouble. I say if things don't turn up soon, say in the next year or so, the consumer might just back off a little. But, I have very little say in what goes on. There are some forces that are just sooo big that you just have to go with the flow. Since you can't beat them join them type of thing. I just need to profit from it, up or down. Of course I wouldn't wish poverty on anyone and would like to see everyone have more than enough money to live comfortably. FT