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

To: CalculatedRisk who wrote (17000)	11/28/2004 7:03:08 PM
From: Chispas	Read Replies (4) \| Respond to of 116555

Boycotts are just beginning, here's samples : ........ ... According to Pulitzer Prize-winning journalist Seymour Hersh, Europe is simmering. “You’re going to see American profits disappear. American corporations are going to be in big trouble. It’s going to be a mantra not to buy American. All our major manufacturers are reporting major slowdowns in Europe. You’re going to see the dollar disappear.” Market specialists believe that the reduction of sales might last for quite a long period of time. European young people ignore and disapprove the American lifestyle, which used to flourish for decades, selling many American products worldwide. The widespread propaganda of healthy lifestyle became another reason, which sent US companies to the bottom. Cowboy Marlboro and Ronald McDonald do not help here either. To crown it all, several recently released movies shattered the American principles even further. The boycott is spreading. Greenpeace is already involved in a boycott against Exxon-Esso and Mobil Oil. Fermiamo La Guerre, a coalition of peace groups in Italy, called for a boycott of Esso when the U.S. invasion commenced. Sales of Pepsi and Coca Cola have plummeted in the Mideast during the occupation, and Islamic nations are creating alternative cola drinks called Zam Zam and Mecca Cola. Iran banned ads for U.S.-manufactured goods. South African protesters in Cape Town demanded that Denel, a South African contractor, cancel all its contracts to supply military components to the U.S. war machine. The people of South Africa are well aware of the power of boycotts. As South Africa Indymedia put it: We must “take aim at the only thing that can bring Bush to his knees—the American economy.” In the capital of Pakistan, the bustling Jehangir restaurant has taken U.S. soft drinks off the menu. “We only serve Pakistani drinks,” one waiter said in an interview with Inter Press Service. “We don’t serve Pepsi or Coca-Cola or any other American soft drinks anymore.” Fast-food chains—Pizza Hut and Kentucky Fried Chicken—are under a boycott in Pakistan. As one member of the Islamist Party said: “We must stop buying anything American or British. We must hurt American interests as much as possible.” ------------------------ from //guerrillanews.com ------------------------