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Gold/Mining/Energy : An obscure ZIM in Africa traded Down Under -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (844)6/1/2003 4:49:03 PM
From: Canuck Dave  Respond to of 867
 
The push that gets the ball moving?

Going to be something like that. US dollar is already moving. I saw some statistics that Canadians and Europeans are already lightening their US debt holdings.

Stephen Roach calls it "Global Rebalancing". I have less kind ways of describing it.

CD



To: TobagoJack who wrote (844)6/1/2003 5:25:01 PM
From: orkrious  Read Replies (1) | Respond to of 867
 
This reversal of fortune for the world's two largest economic powers could have far-reaching consequences. For Japan, already the most heavily indebted nation in the developed world, the declining savings pool could lead to higher interest rates, making it harder to finance the debt.



no question some of what that article says is true, but the bolded phrase above is complete BS. The US has that title. Consequently, I read the rest with a skeptical eye.


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