Subject: Re: reason mkt going downThe single most powerful factor that will benefit an economy is investmentin plant and equipment. This means building factories and productivefacilities. This was taught in my masters degree course. Of interest, ittakes about eight years to have an obvious effect. It has a long lag time.For the last 8 to 10 years we have exported our productive capacity. Thatloss of production is now taking effect. Lower interest rates will notcure this problem. If we started to build productive capacity now. Itwould take 8 to 10 years to take effect.Get ready for a long decent until will figure it out. Production cannot besent out of the USA and still have a good economy. Once we figure it out,it will take 8 to 10 year to start to recover.Sorry, these are the facts as it was taught to me. We do need to wake upto this reality.
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