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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Logain Ablar who wrote (36091)5/5/2004 2:52:10 PM
From: Arik T.G.  Read Replies (1) | Respond to of 36161
 
I agree with the logic. I can add that America looks and acts like an empire in decline.
Hibris marks the twilight of empires. The fall of the Soviet Union marked the end of Japanese economic dominance (production oriented) and the beginning of US dominance(thin air oriented). The refusal of China to accept current standards (HDTV as well as Windows OS) signifies IMO the end of US dominance.
Still the most powerful economic and military force by far, the US is starting to lose its grip on the controls - standards setting.
It was twenty odd years ago when I was in Taiwan and wondered how they didn't have copyright laws (I paid $14 for Webster's dictionary printed on extremely thin paper)
But the US enforced copyright laws all over the world to support it's major export - thin air (with and without gas).
And BTW, the biggest semiconductor producer in the world is Samsung from Korea. The only real world leader based in the US is from Seattle... (no, it's Boeing).

The US started police actions around the world with or without general world (at least western world) approval. Panama, Afghanistan and Iraq are examples how the excuses for police actions around the globe became thinner.
I saw President Bush genuinely amazed two weeks ago. How come the Iraqi people don't seem to be happy about the great gift of "Freedom" given to them by himself and paid for with the blood of American (and other) troops ?

>> guess almost all paper assets are being valued for their imaginary capital gain potential and not so much on their actual income-paying ability;

This has been true since December 1996 or so (the irrational exuberance speech)

Arik

PS
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