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

To: KyrosL who wrote (27083)	12/30/2007 8:19:56 AM
From: elmatador	Respond to of 219928

Glut of consumers as capital is re-allocated. China-Africa trade volume grew by 31% in first 11 months. trade volume reached 65.9 billion US dollars: an increase of 31% compared with the same period last year. Overall imports and exports are balanced, and are expected to exceed 70 billion US dollars for the entire year.

To: KyrosL who wrote (27083)	12/30/2007 9:40:51 AM
From: carranza2	Read Replies (1) \| Respond to of 219928

Indeed, WB does knows what he is doing. I see things being a bit more negative for the US than Jay because of the enormous driver that consumers are to the overall economy. Their confidence is down and will continue to go down as more and more bad news surfaces on the credit front. Even the ones with cash rich ones will moderate their spending. Plus, credit will be more difficult to obtain so look for consumers to pay off credit cards rather than increase their 12%-18% revolving debt. This downturn in consumer consumption IMO will do a lot more damage to the Dow and the S&P than the good news on the trade deficit. Plus, look for a large part of the decrease in the trade deficit to be accounted for by agricultural products, not manufacturing. Agriculture does a lot for a limited segment of the population not for consumers as a whole.