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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (37010)	2/2/1999 9:35:00 PM
From: Bonnie Bear	Read Replies (1) \| Respond to of 94695

pathfinder.com oh yes cheap..that was my point, people get them dirt-cheap tax-free through local channels they don't buy them retail. I found number of 100m cellphones in the world, even if quarter are in china then there's still only few percent of population that have them. the transnational game is one of equalizing income and housing costs, so places like the US, thailand, japan lose so the emerging markets can gain...you can see from this chart even within asia that the differentials in disposable income are astonishing. I expect that the U.S. will be brought in line with our trading partners canada and mexico with time. it is not just the U.S., it is U.S. and Japan in the same boat. "competitive devaluations". But there is no replacement for the gold standard as a basis for relative devaluation...so money will move from place to place until it finds the best risk/return.