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


To: X Y Zebra who wrote (29310)2/28/2003 11:12:38 AM
From: LLCF  Read Replies (2) | Respond to of 74559
 
<"My feeling is that in 10 years Europe will be an economy like Brazil, a third world country, because China, America will always succeed and places like Korea will saturate Europe," said Mr E. "So if we don't get our act together, we will be long gone."

Or perhaps Europe vs the US has bottomed? While Europes inflexiblitly has caused it it's problems, the U.S.'s ruthless free economy has also caused IT problems. Everyone laughs at the French... how come they're so damn skinny while Americans blow up like Blimps??? Even the Germans are svelt compared to the American Buffalo one sees roaming the 24 hr Walmart in search of more 'stuff'.

I dont' know... exploding rates of anxiety and obesity... things aren't always what they appear. Certain standards of living may turn out to be pretty smart.

DAK



To: X Y Zebra who wrote (29310)2/28/2003 12:25:19 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 74559
 
Europe will become a stagnant but stable economic zone

with petrodollars heading into Euro-based securities, investment capital will continue to be strong in the EU

with the USA becoming increasingly isolated, and boycotted financially by the Islamic world, Europe will benefit as a legitimate sanctuary

but socialism and even greater energy dependence will harm the EU

a big shift is underway, away from USA and toward Europe

I think Europe will stagnate due to its socialist lunacy
but it will benefit from the diversion of large capital streams away from the USA

an economy like Brazil ???
they dont have externally owned debt
they have a broad economy with 300 million people
they have cheaper producers like Portugal, Spain, Greece, eastern Europe
they have a trade surplus
they have far more gold backing the EURO than the US has with $
but they have tough labor regulations, and heavy taxes
not as heavy as the US corp taxes though

cigarette advertising will not dictate the EU future

I think shit hits the fan when the Arab petrodollars demand gold for their oil
the indirect denomination now (since summer02) has been euros for oil
serious trouble comes to Europe when the flow toward EuroBonds is diverted toward gold more directly and openly

THIS IS THE ISLAMIC WORLD'S MOST POWERFUL FINANCIAL WEAPON
AND THEY WILL USE IT

/ jim