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

To: Art Bechhoefer who wrote (10720)	3/23/2004 10:38:48 AM
From: Jim Willie CB	Respond to of 110194

Afghany, Iraq had zip to do with trade gap war effort helped US defense contractors dropping bombs does not spend money abroad Halliburton (Brown&Root) meals in Iraq dont either upgrading Iraqi oilfields takes in money troop allowance of $7/wk are meaningless kickstarting Afghany heroin trade probably helped though powerful factors were: - consumption addiction - easy money - skyrocketing US household debt (now 78% of US GDP) - Japanese BOJ resistance to JYen adjustment - 80-90% gutting of US mfg - new wrinkle with service sector net deficit - zip US business investment, except for IT to help outsourcing - networking/broadband advances facilitate job outsourcing - US$ decline causes higher US commodity import prices - weak EuroUnion economy from higher Euro currency - massive expansion of Chinese foreign direct investment you seem steadily to ignore 3/4 of the factors / jim