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


To: TobagoJack who wrote (26681)12/19/2007 7:28:48 PM
From: Maurice Winn  Read Replies (3) | Respond to of 217931
 
TJ, China's DNA weakness, ethical black hole, systemic fraud and cultural confusion is not going to be much of a guide to or saviour of the rest of the world, though I do appreciate their efforts in producing some reasonable quality products at low prices which I buy regularly and hope they finally have the sense to start buying my excellent 450MHz OFDM cyberphones backed up by phragmented photon CDMA wonders instead of pursuing their dopey TD-SCDMA.

It is a good thing that things are less bad in China than they were. But less bad isn't exactly leadership. Leadership would be good.

Mqurice



To: TobagoJack who wrote (26681)12/19/2007 10:45:22 PM
From: elmatador  Respond to of 217931
 
Salvaging the US is easy. Europe will be a bit harder. US system has strong economy to kick in. Europe is only in the defensive.



To: TobagoJack who wrote (26681)12/19/2007 11:47:59 PM
From: elmatador  Respond to of 217931
 
Undermining the power of the US financial system is a positive development. Arabs and Chinese buying Citigroup, Bear Stearns and Morgan Stanley are good for it dampens fervor for financial sanctions against "rogue" states.

Paulson has gone around arm twisting forcing foreign banks to stop doing business with Iran.

Just keep in mind the embargo against Saddam because he was piling WMD. This action by Paulson was a very negative for the global economy. As you know Iran is not able to make a decent electric kettle and as the NIE report says it stopped toying with the nuclear weapons 2003.

Now with a big chunk of the financial system owned by Chinese and Arabs those Paulson actions no longer will be feasible and we continue business as usual.

Results are already appearing.

Bush's bid to punish Iranian banks stalls
By Farah Stockman The Boston GlobePublished: December 18, 2007

WASHINGTON: The Bush administration's new policy of penalizing Iranian banks is facing a critical challenge as financial institutions in Russia, China and much of the Middle East decline to cut ties, analysts and diplomats say

iht.com