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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (57988)	3/30/2008 6:09:54 PM
From: ogi	Read Replies (1) \| Respond to of 78424

Hi LT, Bad as I am at projecting trends from data, I think it is now very clear that the U.S. Consumer is stressed and the housing downturn has ended a primary method of feeding consumptive excess in recent years. So no doubt the downturn in U.S. consumption of goods/services will continue to put negative pressure on the U.S. economy. Conversely the drop in the U.S. dollar is making exports attractive again and is stimulating foreign consumption of U.S. goods and services. In recent years Canadian consumers faced a 30- 50% premium to purchase goods and services from the U.S. Now we are effectively at even money and that is an enormous difference that is being repeated in many countries around the world and stimulating U.S. exports. How much the export sector combined with how successful the FED is in lowering rates at the consumer level will have a direct effect on the strength of the U.S. downturn. Tourism should also bring a large influx of dollars into us services and retail, although Homeland Security policies are a deterrent in that area which did not exist in the past. Travel to the U.S has become far less accessible for millions. So I think the answer is in the future and my opinion remains that I am unsure of this recession, how bad, how long? Election year too! Cheers, Ogi