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


To: Earlie who wrote (6558)5/17/2004 10:10:26 PM
From: mishedlo  Read Replies (2) | Respond to of 116555
 
Earlie in your "depression" scenario, (assuming it is worldwide - and IMO if there is one it will be), why won't interest rates fall like a rock everywhere? I believe they will.

It will be like Japan pushing on a string except ot will be worldwide.

Everyone looks at the US$, but is the EURO much better? Tons of deficit spending, an aging population (worse than the US), higher unemployment, etc etc etc. The saving grace is lower overall debt but how much will that matter in a depression?

I am still sticking with my model of worldwide falling interest rates. That will be ultimately what is good for gold.

Thoughts on that and any thoughts on silver appreciated as well. Copper? Oil?

Mish



To: Earlie who wrote (6558)5/18/2004 11:03:01 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 116555
 
did you had a chance to speak to Europeans they seem to be sold on TA just wonder why. CNBC Europe has at least 2 to 3 TA guys a day talking non sense



To: Earlie who wrote (6558)5/18/2004 11:55:50 AM
From: Knighty Tin  Read Replies (2) | Respond to of 116555
 
Earlie, What about nickel? I just bought way out of the money calls on N. <G>