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

To: reaper who wrote (1589)	3/9/2004 1:02:21 PM
From: NOW	Read Replies (1) \| Respond to of 116555

great post reaper. so how does one profit from this?

To: reaper who wrote (1589)	3/9/2004 1:40:11 PM
From: Box-By-The-Riviera™	Respond to of 116555

great summary. and quite accurate.

To: reaper who wrote (1589)	3/9/2004 1:47:23 PM
From: mishedlo	Respond to of 116555

China central bank to issue record 60 bln yuan bills today BEIJING (AFX-ASIA) - The People's Bank of China (PBoC) will issue 60 bln yuan in bank bills today, equalling August's record high for weekly open market operations, as it steps up its bid to mop up excess liquidity in the banking system stemming from massive capital inflows on the back of a yuan revaluation bet. This batch marks a significant increase from the already large 50 bln yuan batches offered in each of the past three weeks. In a statement, the central bank said it will issue 10 bln yuan in three-month bills, 20 bln yuan in six-month bills, and 30 bln yuan in one-year bills. The interest rates will be decided through an auction. Under the pegged exchange rate system, the PBoC has been forced to conduct increasingly expensive operations to soak up excess liquidity in the system as speculators both inside and outside China position themselves ahead of an expected move on the value of the yuan. fxstreet.com

To: reaper who wrote (1589)	3/9/2004 9:10:00 PM
From: NOW	Respond to of 116555

"The result is that prices continue to rise on all the things you need, while manufactured goods prices remain moderate due to increasing worldwide production. More people are living closer to the margin as the cost of all basic necessities rise as reflected in the chart of the CRB index. Rising prices are leading wealth inequality as those least able to afford it are hit the hardest by the rising costs of life’s basic needs of food, energy, and shelter. As prices rise, so does the crime rate and societal tensions. These conflicts and price increases will continue until they lead to a culminating crisis, either a war, an environmental catastrophe, an economic depression, or some new plague concocted from the vials of some terrorist's lab. History is repeating itself once again... maybe not in the same way, but in a familiar rhythm" Puplave Saonds familiar!That you?