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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (52053)	8/3/2004 5:33:49 PM
From: Logain Ablar	Respond to of 74559

Yep 90 more days and then Dashell and his obstructionist policies on drilling will be gone.

To: American Spirit who wrote (52053)	8/3/2004 5:40:43 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

Not killing but avoiding skyrocketing. Skyrocketing is very very bad. It will cause interest rates to follow it up and up. This will cause capital flight into the US. As a result, drains capital from emerging markets. This will cause those markets to contract and grow slow. Looking back the second half of the past century show that this capital hogging by the US Europe and Japan caused imbalances in the world economy. This is no good. Emerging markets need dirty cheap capital. They can't just print the money like the US. To grow they need to export. They need to import goods and services. Let AG tell whatever he wants. What the world really needs is a full decade of low interest rates.