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


To: TobagoJack who wrote (42756)12/8/2003 12:13:46 PM
From: smolejv@gmx.net  Respond to of 74559
 
Hi Jay: Oil is like the world were p*g in its pants - it will be warm and cozy for some time, but not for long. NG? Same thing, just different kind of Pampers. Nook? Well, I am (surprisingly) for it, but boy is the human race in for some learning - I guess by that time Ill be out of the game anyhow -.

I find the idea of negawats appealing. However, it applies above all to the rich and I dont think there's any changes to be expected in the near- to mid-term future.

dj

PS: ...and what's the problem with glowing in the dark anyhow - humming "Tiger, tiger, burning bright..." (sg).



To: TobagoJack who wrote (42756)12/8/2003 4:32:51 PM
From: elmatador  Read Replies (2) | Respond to of 74559
 
Jay only your objectivity can explain this to elmat:

During a year in which Mr Chavez has presided over the worst economic contraction and the most serious political polarisation in Venezuela's modern history, bond spreads have fallen by nearly 5 percentage points.

Among other good performers last week were Ecuador, where powerful indigenous groups are mobilising to unseat the country's hapless and increasingly unpopular president and Argentina, whose bond prices rose, even though existing creditors are at loggerheads with the government over a proposal to restructure $99bn in defaulted debt.

Overall, the Brazilian market is up by 123.6 per cent in dollar terms this year, Argentina is up 122.4 per cent and Venezuela a staggering 139 per cent. Currencies are up too and bond markets have risen to their highest levels since the Russian debt default in 1998.

news.ft.com

It appears that the market have reasoned:

Well, if the US can have defict and lousy economic policies and grows, we can -sort of- grow too!! Unless this is TEOTWAWKI.