G'day all,
Maybe I've missed it, but it seems to me that if three anti-privateering demo
students had been shot and killed (and a couple of others put in critical
condition) in Gothenberg last week, the news would have been huge. I mean, we
even know the name of the one lad who was badly wounded. Has *any* organ in
America reported these killings at a Papua'New Guinea demo yesterday? Mebbe
if more are shot during the funeral march today, eh?
Oh, and I see good consumer sentiment news has stopped meaning much to the
Dow. Even the expectation of a rate cut couldn't lift 'em over the opening
line yesterday. If there is a cut, I suppose we can expect a couple of
percentage points' improvement for a week or so, but it seems to me that the
morale-sustaining value of the equity markets is wearing off, too, and global
'fundamentals' are getting talked about more all the time. I think they
spell 'recession' with a capital 'D', myself. Especially if all the bad
feeling these WTO decisions are engendering across the Atlantic, (not to
mention all the bad feeling Dubya is engendering everywhere) appear bound to
retard the march of 'globalisation' ...
Cheers,
Rob.
