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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (222)	2/19/2004 1:15:40 AM
From: mishedlo	Respond to of 116555

The balance sheet gold bull market analysis of the big 3 NEM anglogold barrick mips1.net

To: philv who wrote (222)	2/19/2004 1:16:38 AM
From: Spark	Read Replies (1) \| Respond to of 116555

Some speculate that's been tried repeatedly ..no good results.

To: philv who wrote (222)	2/19/2004 1:19:33 AM
From: mishedlo	Respond to of 116555

Too simple? Yes - eventually the US will default. Of course they probably know that already but unless they keep US customers happy with cheap goods they have no other market. We also see that Japan wants to intervene but does not want Europe to intervene. What we have is a competitive currency devaluation mess, with China as the wild card. If printing was the "simple" answer the US would just print enough free money for everyone to pay off all their debts with. Japan would print enough yen to bail out all their bankrup banks or whatever. In the end, it can not really work. M