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


To: Haim R. Branisteanu who wrote (89159)10/25/2008 1:11:12 PM
From: jmiller099  Read Replies (1) | Respond to of 116555
 
If that comes to pass it is a most frightening development for me, a resident who is employed by a local business. I guess the bright spot is most of our business is exports.

However, towards any accord like mentioned in that article, I can't see anything in the long term to reverse the fate of dollar devaluing you've hit upon. With our main exports being dollars, some technology, and food combined with insufficient infrastructure to do more than feed our own we get put in a bad spot. I mean, much of our dot com tech companies are not high tech (I am excluding tech hardware from this statement) and have been easily replicated by local overseas shops. These include the google, ebay, and amazon type of companies.

The result of that accord if it comes to pass seems to be periods of inflation of varying degrees rather than deflation. I guess that means investments in agriculture, exporting companies, and commodities.



To: Haim R. Branisteanu who wrote (89159)10/25/2008 2:43:17 PM
From: RJA_  Read Replies (3) | Respond to of 116555
 
>>Time to close long USD positions and wait for developments

Where will you hide?



To: Haim R. Branisteanu who wrote (89159)10/25/2008 10:00:44 PM
From: Little Joe1 Recommendation  Read Replies (2) | Respond to of 116555
 
Suppose they introduced a gold backed currency. I wonder what the effect would be. Probably a war, or a greater war.

Little joe