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


To: TobagoJack who wrote (41981)11/23/2003 4:48:11 PM
From: Seeker of Truth  Read Replies (4) | Respond to of 74559
 
Hi Jay,
I'm beginning to smell another trend, quite possibly coming from wishful thinking. Formerly we always said that when the US gets a cold everybody else gets pneumonia, particularly Canada and other countries that export in large quantities to the US. The latter include China and Japan. But in fact the employment situation is improving in China and not getting worse in Europe and Japan whereas it has been deteriorating in the US. (That is if we exclude the soldiers.)
Employment is also improving in Canada. Another point, the Euro has gone up this last year with respect to the US dollar almost as much as gold has. Please note that Canada and most of Europe stayed out of the Iraq war. Also almost all of the world outside the US is neutral re Israel-Palestine, the central conflict. So what is the trend? TEOTUSAWKI. The end of the US as we knew it, but not involving the rest of the world so much as we anticipated.
I'm not hoping for the end of the US, just for the end of Bush, but in any case what's important is not what we hope for but what looks probable on the horizon. If you saved your money and your cousin was borrowing to the hilt, would it be madness to expect his collapse and not your own? Maurice believes in debt but not, luckily, for himself. I fear for the world but most for the US.
Any validity to this?
Chugs,
Malcolm