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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (77883)	4/17/2008 8:13:10 PM
From: koan	Read Replies (1) \| Respond to of 116555

$115 oil today! See vidio link below of dubai from 1990 to today. Pretty spectacular-lol (could not find link, but many have seen it): And I should have said the trend towards higher prices will stick. there will be lots of volitility along the way. We are experiencing a paradigm shift. We presently have the largest transfer of wealth in the history of mankind from west to east. Computers often miss things abstract things like paradigm shifts as they cannot see-lol. The reason hedge funds and wall street often make such huge mistakes. Massive amounts of money are moving from the US and Europe to Russia (hundreds of billions for gas and oil to Russia and the middle east). We give the middle east alone, 1/2 trillion and also huge amounts to Nigeria, Indonesia, South America, Africa and Eastern Europe. Plus manufacturing from China and service industry from India. You expect this to change? All of these third world countries are taking these trillions of dollars from the west and buying, food, sheltor and transportation. And they are only starting. Only 7% of people in India even have cars. Probably the same in China. Wait until they really start consuming-----, like us-lol!