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

To: TobagoJack who wrote (17534)	3/28/2002 7:03:57 PM
From: AC Flyer	Read Replies (2) \| Respond to of 74559

You have a negative mindset, Jay. I think because you are a creature of your culture, as we all are. The possibilities for maneuvering and manipulation are just so much more...interesting...when disaster hangs in the air. "Loot the burning house," as you have said. Over here we call the Fire Department (Uncle Al) and try to rescue our neighbor's family photographs and pets (401ks). You and I can both remember the economic landscape in 1990 and 1991, unlike a good majority of the other guests at this little frat party. We had a pretty good real estate crash in parts of the US, particularly the Northeast, the Japanese were kicking US economic butt at every turn, the economy was in recession and the doom and desperation in the air was palpable. The Depression talk back then was way worse than now, and with far more reason. Just as there was no Crash and Depression then, there will be none now.

To: TobagoJack who wrote (17534)	3/28/2002 9:44:42 PM
From: AC Flyer	Read Replies (2) \| Respond to of 74559

>>A big investment is about to be made in Iraq, then Iran, followed by North Korea, and eventually, apparently China and Russia. There will be side wagers in Georgia CIS, Sri Lanka, Peru, Philippines, Columbia, ..., and certainly Afghanistan, and possibly Pakistan.<< Don't believe everything you read. The War against Terrorism is about over. The Republicans got their desired increase in military spending. Realpolitik is returning. The US may attack Iraq, but that's as far down your list as I think we'll go and very likely not that far. World War III is not around the corner.

To: TobagoJack who wrote (17534)	3/29/2002 9:56:43 AM
From: Ilaine	Read Replies (3) \| Respond to of 74559

>>A big investment is about to be made in Iraq, then Iran, followed by North Korea, and eventually, apparently China and Russia. There will be side wagers in Georgia CIS, Sri Lanka, Peru, Philippines, Columbia, ..., and certainly Afghanistan, and possibly Pakistan.<< Attack Iraq, probably. Gas prices around here jumped from $1 a gallon to almost $1.50 seemingly overnight. Attack Iran - maybe. Attacking Iraq will be sort of like kicking over an ant hill. No telling what will happen. North Korea? No. We told North Korea we will use the nuclear option if they attack South Korea. All we have to do is wait for North Korea to implode due to its own misguided policies. China? No, again. There is a problem vis-a-vis Taiwan. We've talked about it before. China has no reason to invade Taiwan, just as the US military has no reason to invade Puerto Rico. I am sure that Puerto Ricans would find it very disturbing if the US military mounted a campaign to take it over by force. China and Taiwan should integrate peacefully. Russia? No. We are friends with Russia. They share a continent with China, but their culture with Europe. Georgia, yes, Columbia, yes, Philippines, yes, Peru, yes, Sri Lanka I had not heard about, Afghanistan of course, Pakistan - - not unless asked. "Investment" - yes. The Pax Americana costs a lot of money, but pays off big time for free trade and tourism, and is cheaper than real war, and cheaper than old fashioned empires, which were, for the most part, money sinks. <tangent>Empires, per se, are not profitable without slavery, which has gone out of style. Slavery never was in style with free traders, by the way. econlib.org </tangent>