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

To: Ilaine who wrote (27806)	1/25/2003 4:57:31 PM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

"the oil price could explode" - Spiegel interview with Sheikh Zaki Jamani ... SPIEGEL: Your excellency, what happens, when USA, together with the British, attack Iraq? Jamani: Let's take the worst-case scenario: Saddam Hussein sets his oil fields in fire and destroys with a missile attack the refineries of Kuwait and in the northeast Saudi Arabia. Tens of thousands die. It comes to serious, long persisting losses of production. Within a short time the oil price rises over 100 dollars. No industry can handle such an increase - leads to a world economic crisis. SPIEGEL: Isn't such a horror scenario just pure panicking? Jamani: I am not saying, this is the way it will happen. But this scenario is not entirely unrealistic. After the first shot has fallen, nobody knows, what comes next. Saddam said once, that whoever were to fell him and conquer Iraq, he would not find a land full of people any more - it would a land be a full of tombstones. Saddam is a killer type. If he sees no way out, he is able to take everybody with him. Also with chemical and biological weapons ... xave.de

To: Ilaine who wrote (27806)	1/25/2003 8:11:06 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hello CB, <<... China actually suffered very little? And do you know why? Because China was on a silver standard, not gold, so was decoupled from the worst ravages of deflation and competitive devaluation.>> This is interesting and I wish to ask a question, 'Did China have a roaring 20s' as compared to 10s?', meaning did it have a problem with 'bubble-like' development? Chugs, Jay

To: Ilaine who wrote (27806)	1/26/2003 2:30:20 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

>>Speaking of the Great Depression, did you know that China actually suffered very little? << I'm sure Jay has had access to some solid information on this subject newcommunity.org