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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: X Y Zebra who wrote (4746)	9/29/2001 12:03:18 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 33421

Well, I can look overseas and cast more than a bit of blame... Too little, too late... the sign of procrastinating economic policy, especially in Japan. I just hope we're not at the point where been left carrying these nations for so long that we get dragged down hard by their inefficiencies. But I do have to say that having the Fed, ECB, and BOJ all taking concerted action after the WTC attack is a VERY positive sign... Some folks have finally realized that they may have to be even more aggressive to prevent having the world economy falling off a cliff should consumers refuse to consume. Which brings up a point. A friend of mine and I happened to see some politician out there telling people they need to go on with their lives, buy the new car, take that vacation, buy the new computer... etc... And we both remarked that you can literally "smell the fear" eminating from these smiley faced economic "Dr. feel goods". Even a semi-moron would be able to tell that they were trying to "sell us" a line of bull.. And we both also agreed that most people would more likely respond to someone who played upon our patriotism by telling us that the terrorists want us to be afraid, and if you alter your life and economic decisions, then you've helped them win. Subtle difference between approaches, we thought, with the latter aimed at making the American people economic combatants in this war, consuming as an act of defiance of the enemy, rather than as an act of charity to help the economy. Contrary to most other folks out there, I don't think this "war on terrorism" is going to rise to the level of a major ground war... However, it's essential strategy that it appear that we're entirely willing to take it that far, and farther. I believe there will be a diplomatic solution arrived at, especially with UN security council support finally starting to move in our direction . The "war" will go on.. but it will be a war of law enforcement and covert action, which won't impact the global economy. When people finally begin to realize this, and the fact that the world has, in fact, become less risky, we could see substantial economic increases. Hawkmoon