Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (20149)	6/23/2002 9:04:58 AM
From: elmatador	Read Replies (1) of 74559

Lots of places will no longer be feasible to carry on doing business. Industry migrated from places where it was no longer feasible to manufacture. The developed economies priced them out of the market. The same will happen to all kinds of businesses. That work ethics is totally gone. Service economy. What service economy? A service industry to replace manufacturing? No way? What replaced the real economy of things being designed, made and sold, was a scam economy which the Enrons, Tycos 3G auction are the best example. The productivity that paid for the inflated economies has vanished. There is no money to pay for the costs. The whole thing is cast and immobilized. You can't even run a Formula One race in those countries because you can't paint the logo in the cars.

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