> From: Doug Henwood <[EMAIL PROTECTED]> > What's your metric for long waves? Profit rates? In the U.S., 1982 was the > bottom. But Japan has since fallen apart and Europe has long been in the > mud. The 1990s? U.S. profit rates have flattened, Europe is still in the > mud, as is Japan, and the Asian NICs fell apart. What's up, besides the > NASDAQ? We had Immanuel Wallerstein giving talks around South Africa the last fortnight, and aside from predicting the end of capitalism within the next half-century, he insisted a US crash in the coming period would have to proceed a K-cycle upturn... *************************************************** Patrick Bond 51 Somerset Road, Kensington 2094 Johannesburg, South Africa phone: (2711) 614-8088 email: [EMAIL PROTECTED] office: University of the Witwatersrand Graduate School of Public and Development Management PO Box 601, Wits 2050 phone (o): (2711)488-5917; fax: (2711) 484-2729 email (o): [EMAIL PROTECTED]
