Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: terry richardson who wrote (20990)	10/30/2002 7:52:35 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 36161

Hi Terry, a little disjointed here but.. I'm no raving free trader but on the other hand the things that are happening aren't just because of free trade, they are mostly just accelerated by it and yes in part to quote a little springsteen.. The highways jammed with broken heroes on a last chance power drive to wring out every last bit of fat.. You've had resources that the world wanted, then technology and services. When the world can get resources, technology and services elsewhere or domestically in their own countries more cheaply, well Poppa's gotta find a brand new bag... That's the bigger problem. the NAFTA is just noise. I don't disagree though as I said above that it was done for the good of the few and not the many.... Maybe the US will become the Global 'Head Office' ;o) Interestingly our Prime Minister (who just won't go away) got elected initially, mainly on the back of two lies...err....promises, yeah that's the ticket promises... He was going to cancel or at least renegotiate the Free Trade pact and cancel our consumption tax the GST also affectionately known as the Gouging and Screwing Tax How much wealth would the US have attained had they remained isolationist behind tariff walls...? Terry, China is simply a case of more players joining the game in a global market that eventually can't sustain so many players at current (read North American expectations of ROE). "A loaf of bread, a jug of wine and thou." is a nice sentiment but most of us want more than that... Anyway I've got to go get my little guy ready for bead, check my daughter's homework and get her to bed, exercise for an hour and then start working on my billing...Can't wait 'till Sunday, that's when I get to sleep ... regards Kastel

To: terry richardson who wrote (20990)	10/30/2002 8:33:42 PM
From: Little Joe	Read Replies (3) \| Respond to of 36161

Terry: Your post reminded me that about a week ago I received an advertisement from a newsletter writer whose claim was that China is really a basket case and about to collapse setting off worldwide deflation. His argument made a lot of sense if you accepted his underlying claims that 70% of all chinese bank loans to domestic businesses were were in nonperforming status. In effect the govt banks are subsidizing the businesses and this could not continue indefintely. I have never read this anywhere else and wonder if you are someone on the thread could shed some light on the issue. Little joe