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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-04 09:47 AM
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31. Here's a scary thought -

London Homesick Blues

It gets curiouser.

China, the other big planetary player, actually the third rail of world economics, is turning the screws down on its economy in an effort to cool inflation and protect its massive US dollar currency reserves preparatory to dumping them. Europe wants trade concessions from China, too, which the Chinese will be all too willing to grant should the EU rescind its arms embargo. The new Bank of China advertises every half-hour on both Bloomberg Europe and CNBC Europe. They are open for business. China's throttling-back will be tough on commodities for the next few months but it is temporary. They have stuffed 200 years of Industrial Revolution into a single generation's lifespan and there's no looking back. By 2050 China, urbanizing along a trend experienced by Japan, Europe and the U.S. during their industrial revolutions, will shift their population from the country to the cities, necessitating the construction of the equivalent of a Los Angeles every two years or less.

China, Japan, South Africa, and most European countries cannot afford to see the dollar fall any further, but they also cannot afford to keep propping the USD up, either. There is simply not enough wealth on this planet to keep pace with the United Snakes Federal Reserve Bank's printing presses. And at a fixed 6% interest per year - the rate at which the Fed loans us our dollar bills - why would the Fed wish to stop printing? It is, in the words of Janet Reno and Jim Jones, for the sake of the children, no?

Please hang with us whilst we digress. What whacked us to our senses was a visit in Russia this past week to the world's biggest surviving rail-gun. It is a marvelous device, supported by some 13 pairs of railroad wheel trucks, each capable of hauling 100 tons. The rail gun is proudly displayed near Gorky Park. The Russians own it, but the Germans built it in the early 1940s with the intent of lobbing lead at Moscow from it. Things went south for the Germans in 1944, and the Russians grabbed the rail gun from them somewhere outside St. Petersburg. Short of an aircraft carrier it is the most impressive piece of military machinery we have ever seen.

Memories die hard. It does not occur to us Americans, in our comfortable homes in Florida or Idaho, how hard a half-century of war was on these people. What I see here is an awakening and a rising, from the bar-room floor, of the participants in this half-century-long bar-brawl, the bloodiest in history (the peace of the Treaty of Versailles was, if you look at it rationally, just a time-out in the penalty box whilst everybody regrouped to go another round) and after 50 year' recovery smelling blood in the waters.

The Europeans and the Asians are wiping the crud from their eyes and they are coming-to. For 50 years they have been down, but not out. Their fighting amongst themselves - Europe upon itself and Japan and China at each others' throats - is over.

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  -STOCK MARKET WATCH, Monday 10 May ozymandius  May-10-04 06:43 AM   #0 
  - The spin for today is  Spentastic   May-10-04 06:50 AM   #1 
  - Yup, the economy  dusty64   May-10-04 06:52 AM   #2 
  - "This week"???  Frodo   May-10-04 08:36 AM   #11 
     - Or maybe "the first hour"??  Frodo   May-10-04 09:37 AM   #28 
        - looks like the psych barrier  salin   May-10-04 10:08 AM   #38 
  - It doesn't look like money will be flowing into the US markets.  ozymandius   May-10-04 06:54 AM   #3 
  - WrapUp by Tim W. Wood  ozymandius   May-10-04 06:57 AM   #4 
  - Storm Watch Update from Jim Puplava - ILLUSIONS  ozymandius   May-10-04 07:13 AM   #5 
  - I won't be around much today.  ozymandius   May-10-04 07:21 AM   #6 
  - Monday Moanin' Blues  JNelson6563   May-10-04 07:34 AM   #7 
  - daily dollar watch  UpInArms   May-10-04 07:53 AM   #8 
  - Dollar is up as the world wishes to get in on our prison business?  izzie   May-10-04 08:11 AM   #9 
  - "not consistent with a long rising trend in the dollar" - The missing fact  Frodo   May-10-04 08:44 AM   #13 
  - use of "out of context" quote, Frodo :)  UpInArms   May-10-04 08:54 AM   #15 
     - Of COURSE it was out of context,  Frodo   May-10-04 09:03 AM   #16 
        - looking at the US in isolation?  UpInArms   May-10-04 09:14 AM   #19 
           - "Isolation" in this case doesn't mean we "isolate ourselves"  Frodo   May-10-04 09:21 AM   #22 
              - I understand that you have  UpInArms   May-10-04 09:26 AM   # 
                 - Ahh. No thanks.  Frodo   May-10-04 09:36 AM   #27 
                    - I absolutely agree with Frodo....  54anickel   May-10-04 09:43 AM   #30 
                       - Seems reasonable.  Frodo   May-10-04 09:50 AM   #32 
  - Interesting take on the US$ - 'Worthless Dollar' Could Surge  54anickel   May-10-04 09:07 AM   #17 
  - Sooo. The Dollar's rise is a "Dead Cat Bounce"??  Frodo   May-10-04 09:57 AM   #34 
     - Deflation - I thought the numerous posts I made late last week made  54anickel   May-10-04 10:29 AM   #44 
     - This is the point I find so funny.  Frodo   May-10-04 10:54 AM   #48 
        - High gas prices are not inflation - correct. I think most here agree  54anickel   May-10-04 12:10 PM   #56 
     - Selling on a dead cat bounce and making money -  54anickel   May-10-04 10:44 AM   #46 
  - Gold at 6-and-a-half month low  54anickel   May-10-04 09:58 AM   #35 
     - And right about where it was mid-May 2003.  Frodo   May-10-04 10:08 AM   #37 
        - Touche! On the other hand, if you "invested" in the stock market  54anickel   May-10-04 12:36 PM   #57 
           - Well....  Frodo   May-10-04 01:06 PM   #63 
              - Much in the same way a savings deposit return is viewed in relation to  54anickel   May-10-04 01:25 PM   #64 
                 - US Dollar savings return vs. US inflation rate = valid  Frodo   May-10-04 01:55 PM   #68 
  - Market open - numbers at 9:32 EST  UpInArms   May-10-04 08:34 AM   #10 
  - "Market open - numbers at 8:32 EST"  ZR2   May-10-04 08:40 AM   #12 
     - sorry -  UpInArms   May-10-04 08:49 AM   #14 
  - Market numbers at 10:10 EST  UpInArms   May-10-04 09:12 AM   #18 
  - now under 10,000 at 10:18 EST  UpInArms   May-10-04 09:20 AM   #21 
  - Damn, knew I should have hit refresh! Look at the adv/dec numbers!  54anickel   May-10-04 09:23 AM   #25 
     - "Bagain hunters" right on time, trying to get back to 10K.  54anickel   May-10-04 09:26 AM   #26 
        - Just looking at the graphs of all three...  punpirate   May-10-04 09:37 AM   #29 
  - 10:17 and Dow 2.22 from hitting 10K  54anickel   May-10-04 09:22 AM   #23 
  - Slowly Unravelling!  54anickel   May-10-04 09:19 AM   #20 
  - The DOW just dipped below 10,000  deseo   May-10-04 09:22 AM   #24 
  - Here's a scary thought -  54anickel   May-10-04 09:47 AM   #31 
  - 10:50 update  54anickel   May-10-04 09:52 AM   #33 
  - I need to get my eyes checked. Did that say below 10,000 ?  nolabels   May-10-04 10:23 AM   #42 
  - Lemme get this straight  TrogL   May-10-04 10:06 AM   #36 
  - The last time I was here  jamesinca   May-10-04 10:15 AM   #39 
  - France says EU subsidy offer exceeds commission mandate  54anickel   May-10-04 10:16 AM   #40 
  - FOREX-Dollar powers higher vs yen, high yielders  54anickel   May-10-04 10:22 AM   #41 
  - DOW 11:26:46 AM 9,954.25 -163.09  spotbird   May-10-04 10:28 AM   #43 
  - DOW 11:34:50 AM 9,937.57 -179.77  spotbird   May-10-04 10:35 AM   #45 
  - Have to see what the "bargain hunters" can pull off over the lunch hour.  54anickel   May-10-04 10:46 AM   #47 
     - Lunch Buying Opportunties at 12:35 EST  UpInArms   May-10-04 11:38 AM   #52 
        - Check out the 12:30 blather -  54anickel   May-10-04 11:59 AM   #54 
           - We have "buying opportunities"!  UpInArms   May-10-04 12:06 PM   #55 
  - Market manipulation and its effects  54anickel   May-10-04 10:58 AM   #49 
  - Uh-oh. Piehole alert. Shrub on the tellie now. n/t  54anickel   May-10-04 11:01 AM   #50 
  - U.S. stocks tumble to year's lows on rate fears, Iraq  54anickel   May-10-04 11:25 AM   #51 
  - "STOCK MARKET WATCH, Monday 10 May"  dubyaD40web   May-10-04 11:43 AM   #53 
  - How many diehard bulls and Bushites will throw themselves on their pens...  Merlin   May-10-04 12:41 PM   #58 
  - 1:41 update - Bargain hunters have "temporarily" left the building  54anickel   May-10-04 12:43 PM   #59 
  - Advances & Declines  54anickel   May-10-04 12:48 PM   #60 
  - Will the news be dropped below 10,000 today?  nolabels   May-10-04 12:55 PM   #61 
  - hush up  Doosh   May-10-04 01:00 PM   #62 
  - UPDATE 1-Oil shares fall on Saudi call for more OPEC output  54anickel   May-10-04 01:36 PM   #65 
  - 2:38 numbers and blather  54anickel   May-10-04 01:40 PM   #66 
  - Isn't this the strangest gold chart? Seems all "roads" seem to  54anickel   May-10-04 01:44 PM   #67 
  - You can't see that .10 gap???  Frodo   May-10-04 02:08 PM   #69 
  - DOW 3:31:02 PM 9,949.99 -167.35 n/t  spotbird   May-10-04 02:31 PM   #70 
  - 3:33 update  54anickel   May-10-04 02:35 PM   #71 
  - Euro shares fall on oil prices  54anickel   May-10-04 02:39 PM   #72 
  - Stocks on Way to Finishing Session With Steep Loses  54anickel   May-10-04 02:45 PM   #73 
  - The beautiful balloon.  RUMMYisFROSTED   May-10-04 02:49 PM   #74 
     - HA! I prefer the old nursery rhyme....  54anickel   May-10-04 02:59 PM   #78 
  - Emerging markets fears widen  54anickel   May-10-04 02:51 PM   #75 
  - Memory check here.........  ewagner   May-10-04 03:21 PM   #81 
     - You're asking for a memory check by someone who readily suffers  54anickel   May-10-04 05:03 PM   #82 
  - UPDATE 1-U.S. Treasury's Snow-no worry on inflation, rates  54anickel   May-10-04 02:53 PM   #76 
  - More from Snow....  54anickel   May-10-04 03:04 PM   #79 
  - Help! AHHHHH! Down down down down down  Chicago Democrat   May-10-04 02:57 PM   #77 
  - The Cassandras and the Optimists  54anickel   May-10-04 03:16 PM   #80 
  - Closing numbers & blather  54anickel   May-10-04 05:15 PM   #83 
  - Maybe foreign stockholders got wind of the rumsfeld praising by *  loudsue   May-10-04 06:27 PM   #84 
  - That would be my take on it also  nolabels   May-10-04 09:27 PM   #87 
  - Well it was a bloody day  JNelson6563   May-10-04 06:35 PM   #85 
     - Ahhh, thanks Julie. I'm blushing. Hey the futures look pretty rosy  54anickel   May-10-04 08:43 PM   #86 
  - I would be found in dereliction of my bearish posting duties if I let this  54anickel   May-10-04 09:45 PM   #88 

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