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

To: mishedlo who wrote (16989)	11/28/2004 4:52:48 PM
From: NOW	Respond to of 116555

quite a post that. wwonder about his certainty here: "Some say, that the Fed will cause inflation no matter what. Helicopter money, printing presses, monetization, … noises all around us. The open question is can they do it? I find it quite clear that when they do it, we won't have inflation but dollar-hyperinflation served with a South-American sauce, because it will trigger the loss of confidence in the currency. It's insane to spice the recipe “reserve world currency” that way." I agree : helicopters are out: dollar would be trashed. But monetezation at gradully increasing pace can fly under the rader for a bit than we would beleive, dont you think? RUSS? MISH? are we there yet? what is the breaking point for this process of monetezation? clearly the american public can be fooled. GLD has me worried too as its release seems to contrived... one thinks they might just have the stuff to oscrew gold holders just for the fun of it even whilst taking the dollar down. wis h i knew.

To: mishedlo who wrote (16989)	11/28/2004 6:02:05 PM
From: Chispas	Respond to of 116555

Veg might need a laugh now and then : ...... .......... opinioncenter.com

To: mishedlo who wrote (16989)	11/28/2004 6:50:08 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 116555

Veg makes a strong point on the potential for a Worldwide boycott of American consumer goods. He writes: "I boycott American products actively". This reminds me of the Exxon boycott in California after the Exxon Valdez oil spill. The boycott wasn't organized; it was just individual actions that caused serious problems for Exxon gas stations. The Exxon boycott might have been misdirected, but it was effective. I'm sure consumers around the World, when they have a choice, will not select American brands. Veg could be right - this could be the trigger for the next recession. I hope Veg keeps posting. I understand his frustration, but he has many friends in America.

To: mishedlo who wrote (16989)	11/28/2004 10:47:57 PM
From: GraceZ	Respond to of 116555

It's not all bad news: Asia's economic growth drives down poverty EXPANSION: Remarkable growth has reduced poverty to its lowest level ever, the World Bank said, while warning that next year's outlook is less rosy AP , MANILA, PHILIPPINES Wednesday, Nov 10, 2004,Page 12 A fifth year of powerful economic growth in East Asia and the Pacific has driven the number of people living in poverty in the region to its lowest level ever, but the World Bank warned yesterday that oil prices could dampen the boom next year. Led by China's strong performance, growth in East Asia -- excluding Japan -- is projected at 7.1 percent. For developing countries, it will be 7.9 percent, the World Bank said in a report. At the same time, the region's population has jumped by about 4 percent, to around 1.85 billion. The remarkable growth has brought the number of people living on US$2 or less a day down to 636 million, or about a third of the population -- as compared with nearly 890 million five years ago. Poverty reduction With an average growth of 6 percent a year since 1999, "there could hardly be more striking evidence as to the power of sustained economic growth to reduce poverty," the bank said. "Even excluding China, the absolute number of poor would be at their lowest level ever, finally overcoming the higher poverty created by the 1997 crisis," said Jemal-ud-din Kassum, regional vice president for East Asia and Pacific. However, the report warned that recent growth in Asia has peaked and economic activity is shifting -- if it hasn't already -- to lower gear. It said the outlook for next year looks less favorable because of the spike in oil prices, slower growth in rich countries and a slowdown in global demand for information technology products. `More uncertain' "In a word, the environment facing East Asia is more uncertain," it said. In April, the bank predicted the region would grow 7.3 percent this year and 6.5 percent next year. The latest report cut the bank's forecast for next year to 5.9 percent. High growth in Asia is led by strong exports, supported by demand from China, the global recovery, a rebound in the global high-tech industry, and strong commodity prices. Kassum also noted that the expansion was taking place "during a time of major political advances with a sweep of legislative and presidential elections, including Indonesia's first-ever direct election of a president, capping what looks like being a remarkable year for the region." Efforts by China, which has two-thirds of Asia's poor, to reduce poverty dominated the regional picture, the bank said. Poverty in China is estimated to have fallen to about 32 percent this year from 34 percent in last year and 70 percent in 1990, driven by significant gains in rural income -- mainly due to increased agricultural output, higher grain prices, the introduction of direct subsidies to farmers and a reduction in agricultural taxes. This story has been viewed 470 times. Advertising