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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: jim_p who wrote (9105)4/9/2008 4:26:50 PM
From: crdesign  Respond to of 50766
 
jim,

I can't back your smart philosophies any more than what I see on a yellowing piece of newsprint thumbtacked to my office bulletin board for almost 7 years;

IBD/ September 7, 2001
Front page, Top left hand chart.
...Speaks volumes about our future.

The image, portrays the Nikkei topped @ 38,000 just prior to my college graduation (1991).

And now where is it?
(a rhetorical question)

You & the bright people on this thread saw it coming for a very long time.

Everyone In our fair land should hunker down...
for at least a decade.

JMHO, Tim



To: jim_p who wrote (9105)4/10/2008 10:35:36 AM
From: Fiscally Conservative  Read Replies (2) | Respond to of 50766
 
Jim:

You wrote;

"It took Japan a decade to run up $500 billion in losses and were only in the first year of de-leveraging and we are already hearing estimates of $1 trillion in losses."

I do agree with you bearish stance yet am inclined to disagree with the enormity in a comparable relationship with Japan's $500 bil in losses and the U.S's (estimated $1 trillion?),in that the US GDP is far superior than that of Japans and any absorbtion in de-leveraging should not be justification for comparison. Not only that but our de-leveraging is on a global landscape that will be share by more than us. Granted,I realize you might only be trying to show how deep the doo-do truly is.

Japan — GDP: $4.218 trillion (2006 est.)

United States — GDP: $13.13 trillion (2006 est.)