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


To: Elroy Jetson who wrote (91126)12/3/2008 2:52:03 PM
From: Oblomov5 Recommendations  Read Replies (3) | Respond to of 116555
 
Received via email:

MESSAGE TO THE AUSTRALIAN PUBLIC

The federal government will be sending a $1,400.00 rebate to many of us .

If we spend that money at K-Mart, the money will go to China.

If we spend it on petrol it will go to the Arabs; If we purchase a computer it will go to Taiwan.

If we purchase fruit and vegetables it will go to Mexico, Honduras, and Guatemala.

If we purchase a good car it will go to Japan;

If we purchase useless crap it will go to Korea and none of it will help the Australian economy.

The only way to keep that money in Australia, is to spend it on hookers and beer since these are the only products still produced in Australia.

Thank you for your help.

Kevin Rudd & Wayne Swan .
(Australian Prime Minister & Australian Treasurer)



To: Elroy Jetson who wrote (91126)12/3/2008 10:47:50 PM
From: mishedlo  Read Replies (2) | Respond to of 116555
 
The economy has NEVER been this levered to debt before.
Plus, how many times have world stock markets fallen 50%?
We are extremely dependent on two family wage earners like never before.

Finally, u-6 is already at 11.8%
At 10% reported that might be at 17%

A staggeringly high number

Mish