Marc De MAN!

[sishya]

Re: Marc De MAN!

Ethics? In the United States? Ya, I guess it was ethics that got us where we are today. . .Hank Paulsen is such a good example, as are all the other financial wizards like Alan Greenspan, et al. :rolleyes:

I agree that people like Madoff, Financial companies have tarnished some of those ethical norms, but if you have lived in those far east countries indicated, you would know the difference. Small Business can get loan in US based on credit(this word derived from latin "To Believe") to expand. In those countries you have to either pay bribe to expand or some collatoral. The loan sharks will come after you. Even ICICI bank in India will send Goondas(thugs) after you to get their money back(I know this from my cousin who was a manager there, but now managing wealth for some rich Bahrain sheik)

[ProdigyofZen]

Re: Marc De MAN!

Come on, there are crooks and cheats in every culture and soceity. Obviously there are a little less in the US or the population has been lulled into the status quo, not many riots or anything like that like in most other countries. But we will see how long that lasts .

[FRED]

Re: Marc De MAN!

With some apprehension, I have to disagree with Marc Faber that Emerging Markets will perform better. He has used demography, but I doubt he has used social ethics as a parameter while making that conclusion. Ethics is very low and no one trusts other man's word in these far east countries - Russia, India, China, Arab...Only Cash is trusted. USA can still beat others with it's demography(via immigration) and ethics.

Similarly when Marc says USA does not produce, he is wrong. USA is leader in Agri, Medicine, Telecom,Finance(now faltering),Defence Equip. All it needs is Manufacturing to come back from China.

"The US doesn't make anything" is a pedestrian assertion among those who are too lazy to look at the actual trade data. It is true that we need to rely more on production and less on finance -- actually, it appears that Mr. Market is doing that for us -- but it is untrue that the US does not produce.

Below is a chat that shows the Top 25 US exports, totaling $1.2 trillion in 2007.

He is also wrong about emerging markets. You will be hard pressed to find a single instance of iTulip recommending emerging markets before, during, or after the most recent boom. Our long standing position is summarized in this News with AntiSpin from May 2006:

Morgan Stanley's Sharma Sticks to Emerging Markets After Rout
May 25, 2006 (Bloomberg)

Ruchir Sharma, who oversees $22 billion in emerging-market stocks at Morgan Stanley, says the current rout won't change his belief in the promise of Russia, Latin America and South Africa.

``Emerging markets are in a bull run,'' Sharma, 32, said last week from New York. ``However, as is the case with most long-term trends, the bull run will be punctuated by some violent shakeouts. We could be in the midst of one.''

AntiSpin: "One of the things investors have learned about emerging markets recently is that they are hard to emerge from in an emergency." - Robert Hormats, reflecting on the economic crisis in Mexico in 1995

[Spartacus]

Re: Marc De MAN!

Are you on a mac or Linux?

Do you happen to know of a site that does not require ActiveX to watch the video?

on my Linux box all of these worked for me

vlc mms://media.meeting.no/media_conventor/e249d6a6-9d25-4a8a-a504-1fd85bf52f51.wmv
mplayer mms://media.meeting.no/media_conventor/e249d6a6-9d25-4a8a-a504-1fd85bf52f51.wmv
mimms mms://media.meeting.no/media_conventor/e249d6a6-9d25-4a8a-a504-1fd85bf52f51.wmv

(this last one downloads the video - the others can be made to dump it as well)

[D-Mack]

Re: Marc De MAN!

"The US doesn't make anything" is a pedestrian assertion among those who are too lazy to look at the actual trade data. It is true that we need to rely more on production and less on finance -- actually, it appears that Mr. Market is doing that for us -- but it is untrue that the US does not produce.

Below is a chat that shows the Top 25 US exports, totaling $1.2 trillion in 2007.

I think he says something like "it's not true, but basically"


I'm not sure how to look the data up, but I found a UN site where they have a database of all countries.
I looked up some of the data from the year 2006.( There is no 2007 data unfortunately )

A part is re-export, so it's not something they really produce in the USA, or is it?

USA 2006 TOTAL ALL COMMODITIES Import $1,918,997,094,449 No Quantity
USA 2006 TOTAL ALL COMMODITIES Export $1,037,029,245,257 No Quantity
USA 2006 TOTAL ALL COMMODITIES Re-Export $107,643,179,103 No Quantity

http://data.un.org/Data.aspx?d=ComTrade&f=_l1Code%3a1

Does anybody know with whom the USA is exporting and importing nuclear reactors? I'm aware of fuel but I don't know much about reactors

USA 2006 840110 Nuclear reactors Import $112,141 13,000 Weight in kilograms 13,000
USA 2006 840110 Nuclear reactors Export $311,201 47,000 Weight in kilograms 47,000
USA 2005 840110 Nuclear reactors Export $61,966 7,000 Weight in kilograms 7,000
USA 2005 840110 Nuclear reactors Re-Export 5,511 1,000 Weight in kilograms 1,000
USA 2004 840110 Nuclear reactors Import 8,406 4,000 Weight in kilograms 4,000
USA 2004 840110 Nuclear reactors Export 1,190,744 25,000 Weight in kilograms 25,000
USA 2003 840110 Nuclear reactors Import 4,190,895 39,000 Weight in kilograms 39,000
USA 2003 840110 Nuclear reactors Export 6,270,314 160,000 Weight in kilograms 160,000
USA 2003 840110 Nuclear reactors Re-Export 12,800 1,000 Weight in kilograms 1,000
USA 2002 840110 Nuclear reactors Import 20,542 4,000 Weight in kilograms 4,000
USA 2002 840110 Nuclear reactors Export 8,700,160 47,000 Weight in kilograms 47,000
USA 2002 840110 Nuclear reactors Re-Export 4,846 1,000 Weight in kilograms 1,000
USA 2001 840110 Nuclear reactors Import 470,160 6,000 Weight in kilograms 6,000
USA 2001 840110 Nuclear reactors Export 3,140,450 374,000 Weight in kilograms 374,000
USA 2000 840110 Nuclear reactors Import 19,630 1,000 Weight in kilograms 1,000
USA 2000 840110 Nuclear reactors Export 2,890,384 37,000 Weight in kilograms 37,000
USA 2000 840110 Nuclear reactors Re-Export 8,641 1,000 Weight in kilograms 1,000
USA 1999 840110 Nuclear reactors Import 2,968 1,000 Weight in kilograms 1,000
USA 1999 840110 Nuclear reactors Export 2,534,943 132,000 Weight in kilograms 132,000

....
http://data.un.org/Data.aspx?d=ComTrade&f=_l1Code%3a84