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


To: John Pitera who wrote (79283)5/21/2008 2:11:42 AM
From: Elroy Jetson  Read Replies (2) | Respond to of 116555
 
Most of these Third World nations like Brazil have a way of snatching defeat from the jaws of victory. They just don't have the long-term history of stability to draw on. Only a history of dictatorship, economic collapse, and a lack of respect for commitments, contracts, or the rule of law.

It's like Newton's law of inertia in a social setting. Long established trends always tend to reassert themselves, even if the counter-trend seems long-lasting.

It's like the looniness that infested the US with Ronald Reagan - the idea that you could increase government, personal and business spending without having to pay for it. Some sort of magical alchemy would occur and it would all balance. Of course it never did.

Now the US gets to end this 25 year counter-trend and go back to being the America we grew up in. It's going to be very painful for those who got used to living in fantasy-land over the past 25 years.

Another example is Russia. My Mom's cousin ran a trading firm with the Soviets and then Russia. He saw them go from bad to worse, after the collapse of the Soviet state, and then crawl back to being merely bad again. Now with Putin establishing a new fascist government they're quickly sliding back into the muck again. Their society seems incapable of ever moving forward into something better



To: John Pitera who wrote (79283)5/21/2008 4:49:30 AM
From: elmatador  Read Replies (1) | Respond to of 116555
 
we are moving towards an emerging markets-led world.
Message 24606590

We are giving the cards now. If you ant to produce or sell something, where are you going to do it? In Peoria, Illinois?

Please ask Patrick what Nixon did in August 1972.

Second, ask him also if was Brazil that concocted the subprime thing.



To: John Pitera who wrote (79283)5/21/2008 4:50:50 AM
From: elmatador  Respond to of 116555
 
HP profits increased 26%. 70% of HP's revenue came from outside the U.S. "We benefited from robust demand in emerging economies," he said.

Message 24606547

Ask HP if they are unhappy with the new statu quo...



To: John Pitera who wrote (79283)5/21/2008 5:02:19 AM
From: elmatador  Read Replies (2) | Respond to of 116555
 
See who is hostile to capital
Message 24607226



To: John Pitera who wrote (79283)5/21/2008 5:30:48 AM
From: elmatador  Respond to of 116555
 
compare this: Let's Nationalize the Airlines! "I am a capitalist pig. I am a total economic libertarian, and I am ready to send the airline executives to the gulag. You know, I am ready to nationalize the whole thing."

-- P.J. O'Rourke, speaking on Real Time With Bill Maher, March 21, 2008
Message 24607236

with this

Fly Jet Azul, David Neeleman's Brazilian Clone
Message 24607238

Moving to where the money and the capitalistas supremo are i...



To: John Pitera who wrote (79283)5/21/2008 6:11:23 AM
From: elmatador  Respond to of 116555
 
My job is to get the simpleton and give them a earlful that they don't recover too soon. Now you get Patrick to read this look at the graphics and then come back to me, ok?

istockanalyst.com

Just don't ask Elroy..