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The Absent-Minded Credit Cycle
The next big trend, dear reader…
It’s coming. Consumers – especially the baby boomers – are about to change their way of looking at things. And when Bernanke & Co. realize what is happening, they will greet the new trend like the citizens of Atlanta welcomed Sherman.
“War is hell,” said the yankee general, before burning the city down. So is a correction.
Yesterday’s news brought more details. The Dow rose 40 points. Oil remained where it was. Gold lost $3. And the dollar seems to be strengthening a little against the euro. You can now buy a euro for only $1.56.
“Retail sales…
11Aug2008 | Daily Reckoning | Comments Off | ContinuedMilitary Spending on the Rise?
Profiting from the next arms race…
Well, it looks as if U.S. involvement in Iraq and Afghanistan will continue for many years to come. Investments in military equipment upgrades are growing faster than ever. Over $646 billion have been spent in these regions from 2001-2007. And get this: By 2017, total military expenditures are estimated to reach as high as $2.7 trillion!
China knows that our military capabilities are largely dependent on real-time ground and space communications and are already allocating the funds necessary to modernize their own defense. We’re looking at a Chinese military budget that will swell 17.8 percent to…
11Mar2008 | S. Oakes | Comments Off | Continued
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