I think the group of countries call "Asian Tigers" that suffered a similar bubble-then-collapse in the '80s & '90s would be offended by you calling them 'anglos'.
This is a problem with free market capitalism - not race and culture. ReefBreak --- In [email protected], "brian_z111" <[EMAIL PROTECTED]> wrote: > > Good call Tomasz..... and it is worth a post to caution traders that > it seems unlikely the root causes will be acknowledged or fixed... in > fact I doubt some contributing factors can be eliminated (cultural > and individual/corporate rights issues etc) ... 5-10 years from now > we will do it all again, with a new crew on board.... be aware that > after a sustained bull run markets won't just fall they will undergo > leveraged deficit implosions. > > Some relevant factors: > > - anglo countries tendency to run current account deficits (big ones > in fact) > - incorrect and unimaginative Federal fiscal policies (I am not > picking on the US because it is not confined to the US) > - modern cultures tendency to run on credit as normal (in the anglo > countries acceptance of credit is a generational change ... perhaps > on all modern economies) > - the theory that interest rates and property/stockmarket booms run > in opposed cycles is incorrect ... leveraged property booms and > leveraged market cycles feed off each other > - democracy delivers us freedom from civil war but not necessarily > great leadership > - statistically speaking, brilliant people only comprise a small % of > our community and they are unlikely to ever hold power in any field > of endeavour (they are always outweighed by popular opinion). > > Traders need to adapt their methods to the dominant financial > paradigm. > > > > Predictions? > > Currently 'new' Asian economies are cash based but they will emulate > the modern western economies along with growing maturity and > generational change. > > Perhaps Japan is the example in that they learnt the lesson of > copying western economic excesses in the 90's and have returned to > their cultural roots of being a thrifty society....but can that > culturesurvive the new generation IT? > > > Still nothing that the 'mother of all sales' of kids, boys and girls > toys won't fix. > > brian_z > > > --- In [email protected], "Tomasz Janeczko" <groups@> > wrote: > > > > It was known since 'the beginning of the universe' that there is no > profit without risk > > but there are always new generations of "experts" that say > that "this time is different". > > And the market proves they are wrong, and the history repeats over > and over again. > > The problem is that the leverage goes up and up and subsequent > disasters getting stronger. > > > > Best regards, > > Tomasz Janeczko > > amibroker.com > > ----- Original Message ----- > > From: "Yuki Taga" <yukitaga@> > > To: <[email protected]> > > Sent: Friday, October 03, 2008 1:50 PM > > Subject: [amibroker] OT: A mathematicians guide to the news > > > > > > > http://www.slate.com/id/2201428/ > > > > > > Yuki > > > > > > > > > ------------------------------------ > > > > > > **** IMPORTANT **** > > > This group is for the discussion between users only. > > > This is *NOT* technical support channel. > > > > > > ********************* > > > TO GET TECHNICAL SUPPORT from AmiBroker please send an e-mail > directly to > > > SUPPORT {at} amibroker.com > > > ********************* > > > > > > For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG: > > > http://www.amibroker.com/devlog/ > > > > > > For other support material please check also: > > > http://www.amibroker.com/support.html > > > > > > ********************************* > > > Yahoo! Groups Links > > > > > > > > > > > >
