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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (21770)8/30/2007 2:50:11 AM
From: elmatador  Respond to of 220051
 
MQ, demographics and Globalization explains everything. Older people with money with nowhere to invest, chase bankers to offer higher returns. Bankers have to devise new and newer products to sell them and get a cut of the deal.

In the end someone must pay that interest they seek for their money.

Until late 80's, we, the emerging markets were paying dearly for the use of that money. Money that were borrowed by governments and state-owned enterprises. Then globalization came. Along came privatization, de-regulation and private equity flowed in. Slowly but steadily the government of the emerging market took a back seat.

It took a while to remove them since they were causing only damaged and causing the crises that Elroy keeps talking about.

This coincides when the emerging markets are entering their demographic window. Those forces aligned, there's nothing anyone can do about.

It is us rocketing toward being wealthy. We can just observe the world being 'Japanized'. No growth. Only pile of cash, and very little to do with.