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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Nikole Wollerstein who wrote (116492)1/12/2009 3:38:54 PM
From: axial6 Recommendations  Respond to of 206138
 
"It is getting more and more clear for me that internet promote mod mentality - identical thinking"

Had the same thought for many years. The 'net is an accelerant for mass shifts in thinking and perceptions. The same old things still happen, only faster.

Critical thinking becomes very important if you don't want to get caught; more important, if you want to profit.

Jim



To: Nikole Wollerstein who wrote (116492)1/13/2009 3:59:01 AM
From: elmatador1 Recommendation  Respond to of 206138
 
Recession? This is a localized, mostly OECD, severe downturn. Affecting only about 700 million people, around 10% of world's population.

The rest of the world did not live off finance. They are affected because they all use the USD -world's reserve currency- and by the overflow of lack of confidence.

Given a few months, once split into culprits and innocent, the issues will become clear cut and only the ones who partied will be suffering hangovers.

Consider oil prices, which was subject of speculation: It was a huge tax in every person in the planet. From the Sudanese cooking with kerosene to the executive in his private jet, anbd the billionaire yatch.

Now prices plummeting, the whole world got a tax cut. Same goes for food inflation.

Let this G7 thing be worked out by the ones who gorged in underserved profits.

Criris is healthy for China, since it forced an upgrade of the growth model. Also very healthy for Asia for it to kick its outdated -copied from Japan- exporting model



To: Nikole Wollerstein who wrote (116492)1/13/2009 9:34:25 AM
From: jack102son1 Recommendation  Respond to of 206138
 
Ok the author of this doesn't have a clue about China economy. What % of GDP are exports? Isn't the thing that services are not so big part of GDP also a good thing? Wasn't the recent decline less than anticipated? Isn't the net surplus now even bigger (exports down 3%, imports 30).

China has and will have big problems but author of this article is writing stupid things.


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