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

To: TobagoJack who wrote (35915)	6/20/2008 7:49:16 AM
From: elmatador	Respond to of 217549

The "diverting attention" business. Attention has been diverted in the past 2 years from the solid growth and the middle class created that would bid for the available resources. Oil, food, Materials and energy. You name it. World thought that it was cyclical and would be the same of past decades. China will slow down Unwind of the Yen carry trade. A flight for quality would ensue. I kept saying, This is structural. Brace for it. Create countermesures. Had the world firmly believed that emerging markets are unstopbale and are here to stay, they would have put in place countermeasures. But they denied. Now they are suffering the results of that. Europeans were just happy with higher Euro because it lower their USD priced oil imports. They forgot how high could it go and now can't afford oil. Their currency was created based on the old set of circumstances. Can't survive the new set. I have wrotten in 20006 according to Elmat: Euro 2008 desintegration start being talked about 20008. Need I to dig out the 2006 prognostics I did? I can. (It is is wife's PC upstairs) You will see the only salvation for GM is to merge with F. It is all there. Divert attention os bad. Deviates the attention from the real issues. But electorates like heads in the sand.

To: TobagoJack who wrote (35915)	6/20/2008 8:54:55 AM
From: Seeker of Truth	Read Replies (5) \| Respond to of 217549

Hi TJ, No less than people like Soros are saying that the oil price rise is a bubble, a la internet 8-10 years ago. This time he forgot that there has been another bubble, i.e. the upward valuing of the US dollar, which has ended, and it is gradually sinking these days. So the speculation in oil which Soros attributes to crazy people like us, is simply an effort to protect ourselves from the US dollar crash. The only element of speculation is the small excess of price rise in oil over the price rise in gold. Rises in oil price and gold prices are both caused by the same desire of all of us, to preserve value. Also Soros is no geologist so maybe he thinks that oil scarcity is a dream like the infinite value of internet stocks. BUY OIL, BUY BRAZIL, BUY GOLD, BUY Hong Kong real estate. Seeker of Truth