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


To: TobagoJack who wrote (27760)1/25/2003 12:06:33 AM
From: elmatador  Read Replies (1) | Respond to of 74559
 
The collapse is overdue. The Channel Tunnel, the bridge between Denmark and Sweden, Millennium Dome in London, all those infrastructure projects in Japan...

The economies that had money but no activity, where trying to keep the wheels moving. No longer works. Capital has to move where there is economic activity.
Firing an arsenal of rockets whose dates have expired to create economic activity is not the way to go, Jay!

Oh, and I didn't mention agricultural subsidies!



To: TobagoJack who wrote (27760)1/25/2003 1:11:41 AM
From: smolejv@gmx.net  Read Replies (1) | Respond to of 74559
 
Hi Jay: there's actually two issues

a) US' debt problem
b) cognitive dissonance

we need to watch both develop

dj