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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (6824)2/3/2004 12:59:12 PM
From: NOW  Respond to of 110194
 
anyone here call ther credit card co. lately? last night i spent three hours on the phone with AMEX reps in....INDIA....



To: mishedlo who wrote (6824)2/3/2004 10:30:21 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
this is pure bullshit, but accepted theory...

the hundreds of millions of unemployed or underemployed Chinese and Indian workers will become more fully employed and buy more stuff from the U.S. and elsewhere, or so the economic theory goes

Chinese and Indians will purchase what THEY produce
sure, toss in some cell tower comm gear, some computers, maybe some fiberoptics

I smell a gargantuan trade gap as far as the eye can see
first, Asians coming of age will purchase typical consumer stuff
which largely will be produced by them, not us
for every $1 worth of stuff we sell them, we will purchase $20 of their output

I find it incomprehensible that such constant horseshit, bullshit, and cow dung passes as economic policy
and economic expectations called forecasts


/ jim