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

To: Moominoid who wrote (18757)	5/6/2002 5:04:57 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

< the cost of the wheat is trivial> These things remind us of how vastly the world has changed in 100 years. Sulphuric Acid production used to be a good economic monitor of an economy. I doubt that anyone has seen H2SO4 used in that way in recent decades. Oil had a run in the 1970s and 1980s as a marker on the world's economy. Now, whether oil is $10 or $30 it's a bit of a yawn with oil somewhere near 3% of the USA economy. Steel has just attracted huge tariffs. Yawn! The cost of steel in a car, computer, house or aircraft is near zero. Commodities are dwindling in importance. The Aztecs are pumping up gold with wishful thinking, but economic gravity will have its wicked way with gold along with all the other metals, rocks, liquids and gases. Hey, remember when people used to fight to the death over land in trench warfare and battles for empire? Poor saps. Land is nearly free now [other than beachfront property or in urban developments]. Land is for chimpoids and endangered species. Humans are roaming in cyberspace now. Silly Mugabe has sunk Zimbabwe and stealing the land doesn't seem to have brought riches. Imagination, brain power and intellectual property rights are the hot new area of modern riches. Mqurice