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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] The economy
  • Date: Sun, 9 Nov 2008 14:28:57 -0800 (PST)

You have well put many of the questions I could only poorly manage....bobford

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--- On Sun, 11/9/08, Don Bowen <don.bowen AT earthlink.net> wrote:

> From: Don Bowen <don.bowen AT earthlink.net>
> Subject: [Homestead] The economy
> To: homestead AT lists.ibiblio.org
> Date: Sunday, November 9, 2008, 3:26 PM
> There are several indications that the worldwide economy is
> falling off a
> cliff much faster than anyone anticipated, you could say
> that the music is
> going faster than they can dance to.
>
>
>
> The previously mentioned Baltic Dry Freight Index is just
> one indication.
> This is an index of the cost to move freight by sea and the
> amount of cargo
> being moved. Just one of many things to watch. The so
> called Capesize
> ships are the very largest cargo shops. They get their
> name because they
> cannot use the Panama Canal which is limited to a size
> called Panamax. Many
> are lying idle with no cargos because of the fall in
> Letters of Credit and
> the worldwide fall in trade. Several shipping companies
> are expecting to
> idle as much as 20% of the fleet.
>
>
>
> A very bad sign for the US is the fall in China's
> economy. China recalled
> its representative to a Peruvian conference before the
> conference started
> because of economic problems at home. They are looking at
> an almost $600B
> stimulus package for themselves. Where this is a problem
> for us is our own
> $700B bailout and the expected several hundred billion
> dollar stimulus
> package that is being talked about. Where will the money
> come from with
> everyone else spending billions on their own bailouts and
> stimuli?
>
>
>
> This begs the question: How do you solve a credit crisis
> on credit?
>
>
>
> Don Bowen KI6DIU
>
> http://www.braingarage.com/Dons/Travels/journal/Journal.html
>
>
>
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