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

To: Elroy Jetson who wrote (42221)	11/3/2008 2:04:10 PM
From: elmatador	Respond to of 218914

ISM: the lowest level since September 1982. The Institute for Supply Management said its index of national factory activity fell to 38.9 in October from 43.5 in September. That was well below the 50 level separating contraction from expansion, and a reading below 40 is exceptionally weak. Economists had expected a reading of 41.5, according to the median of forecasts in a Reuters poll. news.yahoo.com In 1982 started the "Lost Decade" during which we exported capital to rescue the US economy, via high interest in the debt. This time there is no rescue coming...

To: Elroy Jetson who wrote (42221)	11/3/2008 2:11:36 PM
From: THE ANT	Read Replies (1) \| Respond to of 218914

They should have let their currency appreciate.It would have slowed excess capacity and allowed room for currency to fall now.The Chinese were brilliant but over played their hand

To: Elroy Jetson who wrote (42221)	11/3/2008 5:57:04 PM
From: Moominoid	Read Replies (1) \| Respond to of 218914

I visited the TEDA (Tianjin Economic Development Area) in Tanggu last month. Local planning person told us that 3000 companies had invested in the zone but only about 1000 were really operating/making money etc. Seemed investors came for the incentives but then didn't do much necessarily. Or that is what I was told through translation. The industrial area seemed very quiet - some plants had cars parked outside them, but there was much going on in terms of trucks delivering or picking up stuff or people walking around and lots of empty car parks. But in both Tianjin and Beijing it certainly looked like a boom was on. Construction workers on the site next to our hotel in Beijing never seemed to stop working for example. They must be in a couple of shifts or something.