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


To: Gemlaoshi who wrote (19271)10/2/2004 5:03:49 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
US Economy is devolving into a hedge fund
and will suffer tremendous decline, damage, poverty
markets are not value driven or profit driven
they are liquidity driven

biotech and nanotech show promise
but they are a drop in the bucket
biotech lost its momentum 2-3 years ago
big pharma will adopt them all, as their neo-R&D divisions

fuelcell and electricity tech are the future
it will be taken 90% by Japan
USA will soon have zero car production
even if our components are successful here or there

in the next two years come the $10k Chinese sedans
built by state-of-the-art Japanese equipment
which will deliver the death blow to the US car makers
RIP

Asian outsourcing is accelerating, and will continue
until we get a trade war and close our borders
we will repeat the errors leading to World War II
we are fast resembling the Weimar Republic
I can identify 10 parallels

rampant inflation in USA over 3 decades has its consequences
death of the economy
speculation and inflation in bonds is the final chapter
as simple as that

the lynchpin for the next round of US destruction is Chinese currency upward revaluation
it will unleash huge tidal wave of higher prices and higher interest rates
USA will not get the benefit of higher paying jobs though
since rising prices will be matched by rising costs
such is the downside of the Vicious Circle of the US$ Decline
we have become too dependent on foreign everything
e.g. energy, materials, credit supply, mfg, now service

I see nothing but bankruptcy, poverty, debt, war in the future
the good thing is that the future includes women & sports

as our leaders speak moronically about freedom, the USA will lose its freedom

/ jim