Letters to the Editor
Dear Mr. Piekarski
I'm impressed by the confidence of your position in your July 19, 2004 article 'The Bear is Back' in the Warsaw Business Journal.
I am just a small-time Australian investor and would be very interested in your brief opinion as to where the principal resource-based economies are headed?
The reason I ask is because it seems to me that the entire Anglo-American world - the USA, Canada, the UK and Australia, and maybe a couple of others - is embroiled in a real-estate and credit bubble - all very homogenous to the casual observer, despite the underlying differences in the economies of each of those nations.
Any thoughts, however brief, that you might care to offer on this subject would be welcomed. Judging from your commentary in the aforementioned article, I value the independence of your outlook.
Regards
Pat Kenny
I'm impressed by the confidence of your position in your July 19, 2004 article 'The Bear is Back' in the Warsaw Business Journal.
I am just a small-time Australian investor and would be very interested in your brief opinion as to where the principal resource-based economies are headed?
The reason I ask is because it seems to me that the entire Anglo-American world - the USA, Canada, the UK and Australia, and maybe a couple of others - is embroiled in a real-estate and credit bubble - all very homogenous to the casual observer, despite the underlying differences in the economies of each of those nations.
Any thoughts, however brief, that you might care to offer on this subject would be welcomed. Judging from your commentary in the aforementioned article, I value the independence of your outlook.
Regards
Pat Kenny
