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

To: Maurice Winn who wrote (36633)	7/27/2003 7:55:59 PM
From: BubbaFred	Read Replies (1) \| Respond to of 74559

Mqrice - Perhaps the possibility of a severe drought can vindicate Klaus' pessimism. US experienced a dust bowl in 1930's. If it occurs, considerable amount of resources would be shifted to importing foodstuffs rather than spending on the infrastructure. That would curb some sectors of the economy and lower its growth rate. On the other hand, they should still be the world's lowest cost producer of anything. Global recession can induce drastic slowdown as well, but worse elsewhere than in China. Once the south to north water transfer project is completed or partially functional, say in 10 years, then the growth engine would always be chugging along at sometimes faster and other times slower pace. Lowest cost producer of anything, high potential of consumerism, and they love gold jewelry. In 10 years, vehicles will be fueled by natural gas or hydrogen fuel cells. A drought natural event can be a big damper on anything. What was the impact on Australia, the draught that took place about 10-12 years ago? I think it was a two year draught. Sorry for the question. I was not keen at all on the subject at that time.