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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: DebtBomb who wrote (36145)3/2/2002 7:15:18 PM
From: mishedlo  Respond to of 99280
 
almost half of the world working for $2 bucks a day, providing cheap labor and goods.
The price of almost everything is falling.
Consumers have been on a rampage here for the last few months, now what??


Exactly, aand those chesap good from China are not going away either. Everywhere I turn I see "made in China".
Not on the Big ticket items but will that come?

China ia a sleeping giant that has not fully been heard from yet. It is those cheap goods that we can not compete against EVER, is one reason why Greenspan has ignored the pundits that are crying for a weaker $ to help exports. We can not compete against China no matter what the $ is (within reason of course).

We have deflation in prices in the meantime because of excess competition. And as for such things as phones, there is a total 100% glut. Anyone who wants one and can afford one already has one. The 0% financing on cars has mortgaged the future.

I repeat. Demand what demand. Of course for some reason perhaps there is a demand for chemicals or something for reasons I can not explain but we ar not going to have a robust recovery.

BTW, we have not seen the firts recession yet so ho can there be a recovery? If we have thn I propose a tripple dip.

M