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

To: mishedlo who wrote (22804)	2/3/2005 1:13:38 PM
From: RealMuLan	Respond to of 116555

>>The cost of China's coal liquefaction plants could be reduced by using domestically made equipment. About 60 percent of the equipment in the first phase of the plant's construction is domestically made; that figure is expected to increase to 80 percent when the second phase starts.<< that is the key. Cheaper equipment plus cheaper labor, giving it time, China will proceed.

To: mishedlo who wrote (22804)	2/3/2005 1:18:47 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

"By 2003, reserves plus the long-term value of all Social Security taxes to be paid by current workers over their lifetimes totaled $3.5 trillion. But benefits owed retirees and these same workers over that period totaled $14 trillion. And Social Security is only the tip of the iceberg. Public pension funds are also in trouble. Of the 123 largest funds monitored by the Wilshire Group, 79 percent are underfunded. Nine states have liabilities that exceed their annual budgets, and the total shortfall could be as high as $1 trillion within seven years. With all other state, municipal, and county funds added in, the number could be $2 trillion." governing.com