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To: Zardoz who wrote (79478)	11/20/2001 3:40:51 PM
From: Ahda	Respond to of 116753

During the time when Gold was $600/Oz, what was the components of those items mention above. Did they lead the US into a highly profitable country, or has USA become a waste land since then? Maybe this is the solution that you need: The difference Hutch was there was not as much competition on the open market for the US. In any economy you see that there are those that are ever capable and those that do struggle. What my concern is and has been is somehow we have left less openings for middle class entry than we have had. I dont quite have the full picture but i can see where in Canada imposed minimum wage structure has it's disadvantages to the nation as does your tax structure. The bubble allowed plentiful jobs here so the lower income could live by the means of more than one job and that is not exactly the ultimate either. Now we are facing reduced jobs here and costs that have gone up combined with a high percentage of our economy that functions due to debt. This debt factor was i believe not so prevalent across the board in other periods of contraction. We are also in a period similar to the tech bubble as we are attempting to regulate where out economic structure goes with interest rates. I can't view history as a guide line as i believe it is the making. You can lead a horse to water but you can't make him drink… because he's full of water already because he's full of water already I am thinking more in terms of S---.

To: Zardoz who wrote (79478)	11/20/2001 6:46:07 PM
From: marcos	Read Replies (2) \| Respond to of 116753

But it is absolute, Zedman - gold is perfectly absolutely stable in value, always, one fine ounce of gold being worth precisely one fine ounce of gold, now and forever, period ... only other objects and concepts fluctuate in relative value against each other and against the time-honoured and venerable standard The horse/water analogy - poor ol' beast has had quite a run in the hot sun lately, don't you think ..... here's a concise way of putting all major current factors imho - #reply-16684662

To: Zardoz who wrote (79478)	11/20/2001 11:43:11 PM
From: Ahda	Respond to of 116753

I am sure you know China has been buying the Euro. Maybe it's the amount of salt that you give him that leads to the water drinking? Beware of linear thought. The Buying of Euros need not be at the cost of selling US Dollars. In an attempt to lower the YEN the Japanese may be diversifying their currency. Selling Yen for Euro's, Yen for US Dollars; and this could lead the Yen lower only. China has been buying the Euro. biz.scmp.com countries in reverse STEPHEN SEAWRIGHT Next Story -------------------------------------------------------------------------------- The world's wealthiest economies are expected to contract for the first time in 20 years following the September 11 terrorist attacks, according to the Organisation for Economic Co-operation and Development (OECD). "The terrorist attacks of September 11 and the associated disturbances have . . . inflicted a severe shock to the world economy," the OECD said in its Economic Outlook released yesterday. "Thus OECD-wide output is now estimated to be contracting slightly in the second half of this year - for the first time in 20 years - and is projected to remain very weak in the first half of next year," it said. The OECD economies combined were forecast to contract 0.3 per cent in real gross domestic product over the second half of this year, but the report did not specify if both quarters would record negative growth. For the OECD as a whole, the word "recession" - defined as two consecutive quarters of negative growth - was avoided, but this must be a strong possibility. Before the terrorist attacks, the US economy was already slowing and was forecast to shrink 0.6 per cent in the second half of this year. "The US, the epicentre of the shock, stands to suffer most directly and immediately and is gauged to be already in recession," the OECD said. It expected a global recovery to start in the second half of next year. Growth in the OECD area was forecast to be 1 per cent next year and 3.2 per cent in 2003. "A significant rebound of activity should take place in the second half of next year." It said the projection of a rebound was based on the assumption of "a politically benign environment" and improved confidence among businesses and consumers. "For the recovery to occur, it is crucial that the sentiment of insecurity prevailing since September dissipates," the OECD said. European Union growth was expected to slow to 1.7 per cent this year and 1.5 per cent next year. In line with the anticipated global recovery, growth was forecast to be 2.9 per cent in 2003. Japan's economy was already weak before September 11 and was expected to contract 0.7 per cent this year and another 1 per cent next year. Despite the gloom over the world economy, China was expected to post strong growth. The OECD said it would grow by 7.2 per cent next year after 7.4 per cent growth this year. The forecast on China was more bullish than other organisations such as the International Monetary Fund, which recently cut its projection to 6.8 per cent for next year. The Asian Development Bank forecast 7 per cent for China's growth next year. The mainland economy is being driven by domestic demand, with loose monetary and fiscal policies helping to make up for slowing export growth. "The growth process is still characterised by unevenness and rising inequalities, with non-state sector investment lagging significantly behind that of the state-owned entities and consumption growing much more rapidly in urban than in rural areas." China's growth was expected to pick up to 7.7 per cent in 2003 on the back of a recovery in external demand and increased foreign investment following entry to the World Trade Organisation. "Although foreign direct investment inflows may moderate temporarily as a result of the September attacks, they are expected to rise over the projection period as a whole," the OECD said. Import growth was expected to exceed that of exports, resulting in a declining current account balance in the next two years, from 0.9 per cent of GDP this year to 0.1 per cent in 2003.

To: Zardoz who wrote (79478)	11/21/2001 12:30:21 AM
From: long-gone	Respond to of 116753

Friday November 16 12:04 PM ET Depressed Dot-Com Company Offers Free Prozac CHICAGO (Reuters) - In what may be a sign of the times, one depressed dot-commer is offering free Prozac to depressed consumers as part of a promotion by the drug company. The Indianapolis pharmaceutical maker Eli Lilly and Co. (NYSE:LLY - news) has teamed up with money-losing Internet healthcare firm WebMD Corp.(HTML) to offer Americans a free month's supply of the famed antidepressant. Prozac has already lost about 80 percent of its market share since the generic form of fluoxetine, its chemical name, was introduced in August and Eli Lilly has been pushing its once-a-week form of Prozac, which has no generic competition. Television commercials direct consumers to the WebMD web site where they can sign up for one-month's free Prozac through a special promotion with Eli Lilly, whose brand flashes up on the screen. The direct-to-consumer advertising campaign, launched more than six months ago, appears to have gained momentum since Sept. 11 with more frequent television ads and a prominent display offer on WebMD's home page. The offer also appears with a coupon in newspapers and magazines. Preying on the angst in America? ``Absolutely not,'' says Eli Lilly spokeswoman Debbie Davis. ``This is aimed at patients who have already been diagnosed with depression and have been stabilized on fluoxetine. For them, this is another treatment option.'' Both Davis and a spokeswoman for WebMD declined to provide details about the advertising campaign. Sold in more 100 countries, more than 39 million patients have taken Prozac since its launch in 1988. Despite an onslaught of competition, Prozac is still the world's best selling antidepressant. dailynews.yahoo.com