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

To: mishedlo who wrote (27301)	4/12/2005 12:30:23 AM
From: John Vosilla	Read Replies (1) \| Respond to of 116555

Euro will be the reserve currency, hasn't participated in the latest ponzi scheme and has a far superior quality of life that most American's living in their oversized suburban houses, slaves to their mortgage and driving 2 hours to work in their gas guzzling SUV's are clueless about these days. Several books out on the subject and is interesting reading. Now if only their hotels could be as inexpensive as they are here then it would be a slam dunk..lol

To: mishedlo who wrote (27301)	4/12/2005 1:02:27 AM
From: regli	Read Replies (1) \| Respond to of 116555

I would be extremely surprised if the EU does not come ahead of the U.K. The U.K will have a rather unpleasant reckoning with their version of the housing bubble. I also think that the U.S. will be hit harder than the EU. Bigger bubbles, bigger falls.

To: mishedlo who wrote (27301)	4/12/2005 11:24:43 AM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 116555

I would argue that the biggest winnner out of all this will be India. India's banking system is solvent, it's foreign exchange trades relatively freely, a great number of population educated, a democracy, its people are free to think for themselves and still remains the world's low-cost center. It has grown organically and on 1/10 the FDI China has received. It doesn't not need technology "transfers", it learns the old fashioned way - by mistakes. As we have learned by the US in the 30's and the Japanese in the 90's, a country is nothing without a solvent banking system - that's the Achilles Heel of China.