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

To: Box-By-The-Riviera™ who wrote (42648)	11/12/2008 3:57:31 AM
From: dybdahl	Read Replies (1) \| Respond to of 217739

I read about 450 feeds 3 times a day. If you want to have an example of one of the places in the world, where the crisis is not visible, yet, I can mention my own country. National payment balance for September improved, we have a very nice surplus on exports. Our government taxes 5% of GDP more than necessary, the main reason why they're not spending that extra money is that it would overheat the economy. Unemployment has not risen lately, even though many companies hoped it would - because it is still impossible to find new employees, and the lack of unemployed is still a bigger problem than the financial crisis. While exports are rising, prices are going down and wages are going up. It seems that the companies, which get into credit trouble, now deliver new employees to those companies that could not grow because of lack of employees. Our interest rate is 5%, and the national bank assumes that it can be lowered, soon. The government is willing to spend more money in 2009 and there are many other ways in which economy can be improved. All this does not indicate, that our country will continue to do well, but it's surely different than Ukraine, where unfinished high rise buildings stay unfinished because the workers moved home to their villages. Thereby, it is an example, that proves my point: Things don't go bad at the same time everywhere. There will always be people that benefit from a crisis, and a national crisis is always an average number, which hides the details of some people going up and some people going down. I expect to earn a lot more (inflation-adjusted) money during the next 3 years than during the last 3 years.