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

To: elmatador who wrote (81107)7/7/2008 8:19:32 AM
From: andiron  Read Replies (2) | Respond to of 116555
 
india is a classic case where last 5 yrs of credit orgy/loose monetary policy was used to justify excesses. Not unlike the feckless Miami developers who built ultra luxuyy condos that now vegetate, indians went (and still on) on the binge to construct infrastucture daydreaming about future needs of 5% of the population that somehow was plugged more to US fortunes than domestic.
And now it is dawning on such imbeciles what white elephants they have created...

i am hearing anecdotals about airlines plying half empty and some new airports w/ deafening silence...

timesofindia.indiatimes.com



To: elmatador who wrote (81107)7/7/2008 8:43:15 AM
From: ajtj99  Respond to of 116555
 
The charts of the Latin American funds I've seen look like some of the best shorts out there right now.

China's SSEC, who some think is a good short, is actually much closer to the bottom than most think.

My target low for the SSEC has been 2250-2500, with 1400 the lowest it could possibly go, as it is the current "Crash Value", which is a virtual floor on that market.


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