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To: RetiredNow who wrote (71224)	10/9/2006 9:21:03 PM
From: RealMuLan	Read Replies (1) \| Respond to of 77400

I did not make any jump. Simply because capitalism is cyclical, so there will be a recession, whether it is in China, or in the US. I have NOT said "we are heading into a global recession". I said by 2010, which is still 3-4 years away for God sake, I think there will be one. And the US may go into a recession before China. The bond market, silver price... all point to that. >>The US is slowing, but I doubt we go into recession.<< Whether your doubt is right, or my guess is right, no one knows. No need to argue. I guess your crystal ball is as good as mine. just wait and see

To: RetiredNow who wrote (71224)	10/9/2006 10:08:18 PM
From: Eric	Read Replies (1) \| Respond to of 77400

MM OT Got back from Germany, Portugal and England last Friday night and noticed that things are moving along in Germany this year because the VAT is going up from 16% this year to 19% next year. My German friends who I was visiting with were buying all their big ticket items this year so things look like they will really slow down next year. Portugal has really boomed since they joined the EU.. The development has been pretty spectacular! Really good roads now, especially to the southern coastal areas where we stayed. England is still moving along and it looks like Real Estate will peak there in the next year and a half. All in all I think we are slowing down here first in the world economy. Will be interesting to see how things play out in the next few years.