From Libby
Funny 2
From Greg Mankiw’s blog : Funny Economic Principles
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Price Time Volume Investing
Stock Market Cycles, Gann Angles and Squares
October 20th, 2009 by
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I liked funny 2, but I do like to study what economist say, amazing how the trade wars will begin, over nylon, cotton, sugar, and so on..the only thing we have over most countries is food…but yet we have taught most countries how to grow the staples haven’t we…..L>
L, the US still has the best chip designers/makers in the world (altough they themselves manufacture lot overseas), the best space related and aircraft manufacturing (Air Bus is 2nd and forget the russian stuff), the best internet websites GOOG/YAHOO (bidu is strictly chinese, but GOOG and YHOO go to many other languages), the best medical equipment makers (ISRG. MDT, ,etc), and the best biotech industry. I am sure I have forgotten a few more.
US has nothing to fear except corrupt fat cats on wall street and in politics, and the loss of the drive to innovate like the hare that slept taking it easy while the turtle got to the finish line. You know L, I am not liberal or democrat but I have my reservations about leaders like W, people that never had to pay the price when they failed, now that is dangerous. Good meaning person? yes … leader?