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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (335642)	4/28/2007 2:18:49 PM
From: tejek	Read Replies (2) \| Respond to of 1574302

The US economy weakened dramatically in the first quarter to its worst growth pace in four years, expanding at a clip of just 1.3 percent, new government figures showed Friday. Like I said in a post to Harris, I have listed to a number of earnings CCs this quarter and those American companies doing well are ones who have business overseas. Their business in the US is not doing well. China, Brazil, India, Japan, Europe and southeast Asia are the growth engines for the world in roughly that order. The US is lagging way behind. Some other developments......more and more, the Euro is replacing the dollar in the world of business; Iran is trying to organize a nat. gas cartel much like OPEC; the US is losing its export edge to China and other countries; for the past 5 years, stock markets in other countries have outstripped gains made by the markets in the US......in fact, the Dow and the Naz are just starting to pick up speed after languishing through most of those 5 years.........I could go on....in almost every business metric, the US is not the leader it was just a few years ago.

To: Road Walker who wrote (335642)	4/28/2007 5:30:49 PM
From: combjelly	Read Replies (2) \| Respond to of 1574302

"Core prices, excluding food and energy costs, were up 2.2 percent. equals= Stagflation?????" Oh no! How could this happen? No one could have predicted it... Except damn near anybody who isn't ideologically driven and lived through at least part of the 1970s as an adult. No doubt Tim will jump in and post some statistics on how it can't happen... An amusing thing I found while I was researching New Zealand. Apparently the Labor party took over from the conservatives in the early 1990s. Part of their platform was privatization, cut the tax rate and simplify the tax code and deregulation. Net result, an economy that wasn't doing so well, promptly took several torpedoes, rolled over and sank. It took years for the economy to recover.