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


To: shades who wrote (42851)12/15/2005 1:32:59 PM
From: Broken_Clock  Read Replies (1) | Respond to of 116555
 
nationmaster.com



To: shades who wrote (42851)12/15/2005 2:02:01 PM
From: 8bits  Read Replies (1) | Respond to of 116555
 
" Can my sisters drive their hummers for as cheap over there taking my nieces to the soccer games?

nationmaster.com

No it doesn't look like it :("

Well heck looks we should pack our bags and move to Turkmenistan, Iraq, or Iran by that measure. As you may know the Swiss have excellent public transportation, leave the Hummer at home (or don't even buy one).

cia.gov

Unemployment rate:
3.4% (2004 est.)

Inflation rate (consumer prices):
0.9% (2004 est.)

Infant mortality rate:
total: 4.39 deaths/1,000 live births
male: 4.9 deaths/1,000 live births
female: 3.86 deaths/1,000 live births (2005 est.)
Life expectancy at birth:
total population: 80.39 years
male: 77.58 years
female: 83.36 years (2005 est.)

USA:

Infant mortality rate:
total: 6.5 deaths/1,000 live births
male: 7.17 deaths/1,000 live births
female: 5.8 deaths/1,000 live births (2005 est.)
Life expectancy at birth:
total population: 77.71 years
male: 74.89 years
female: 80.67 years (2005 est.)

Unemployment rate:
5.5% (2004 est.)

Inflation rate (consumer prices):
2.5% (2004 est.)

RE: Soviet military. Well the Chinese and North Koreans believe the US lost the Korean War. The Vietnam War is frequently described as being lost by the US. Those were issues of political will not military prowess. Up until the collapse of the Soivet Union from economic and politcal dynamics, the Soviet forces were quite formidable.



To: shades who wrote (42851)12/15/2005 3:51:47 PM
From: regli  Read Replies (1) | Respond to of 116555
 
>The swiss - thinking in terms of lifestyle - do they have the same conveniences as an american? Can my sisters drive their hummers for as cheap over there taking my nieces to the soccer games?<

The Swiss have significantly higher gas prices but excellent public transportation to any nook and cranny in the country. You literally don't need a car. This illustrates that it is rather simplistic to measure lifestyle based on gas prices unless your lifestyle and economy is extremely dependent on cheap gas prices as the U.S. is. And as to attending soccer games just about anywhere around the world, I advise you to always take public transportation. Soccer games are great fun to attend but even in relatively calm Switzerland soccer fanatics frequently lose control of their senses and confuse a game with low intensity warfare.

As to the gold discussion I personally consider it necessary to have brokerage as well as bank accounts in multiple countries as Faber suggests. It provides a nice layer of isolation if for what ever reason there is instability in the financial system in one of the host countries. In my case it is not an issue of hiding money but diversifying the risks as to where my money is held. I invest a part of my portfolio in something as close as possible to bullion but not the real thing as long as possible (i.e. CEF) because I want to be able to transfer money from one end of the world to the other at the drop of a hat if need be and at the same time still have much of the safety and security of gold and silver bullion.