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

To: TobagoJack who wrote (26656)	12/30/2002 10:00:21 PM
From: elmatador	Respond to of 74559

Once the capital piled up in US territory is freed the bust can be turned into a recovery. There is no one who will going to pay for the party anymore!! Just for illustration's sake: As long as capital is being used at tune of USD1 billion a day -at both sides of the Atlantic- to subsidize farming. Or to subsidize each cow leg in Switzerland at USD1000 per cow leg, Or paying crops not to be planted Or replenishing arsenals whose bombs thrown on top of mountains in Afghanistan Or wasting USD300 billion on "defense" Or paying people to stay at home etc etc etc As long as all that persist there will be no recovery!! The bust will be here until this situation changes. The hogging of capital by countries that have no economic activity but lots of capital is an untenable situation. I am just seating here and watching it develop. If this thing had a solution, we would have had already a G-7 meeting to solve it a la 1985 Plazza Accord. But we know that the gentlemen's club is also history.