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


To: John Gault who wrote (40081)5/19/1999 11:09:00 PM
From: Berney  Respond to of 94695
 
John, I should let the "OT" go by, but I cannot.

Folks may appreciate that Nike pays some of those foreign workers $20 a week to make the shoes that it sells here for $100. If I was the CFO of Nike, I'd do the same. Don't have to worry about the environmentalists, lawyers, and cheap labor to boot.

However, while it may be in the interest of the Trilateral Commission, Corporate America, and Big Money, this concept of free trade is a joke. When millions of acres of apples go rotting on trees, because the folks cannot pick them for what China is transporting them half-way around the globe and selling them for, something is wrong.

However, getting back to the original issue, this has nothing to do with inflation or deflation. I keep encouraging folks to take the time to look up the definition of inflation in a dictionary. It really has nothing to do with normal or contrived or attempted contrived (i.e. oil) supply and demand situations. Once the higher prices from these disturbances are built into the equation, it is over.

Now, I ask, if the smart money is buying bonds, do you think it is because they believe that interest rates are going up and will depreciate their investment? I think not.

Berney