The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mishedlo who wrote (45049)	11/8/2005 1:54:50 PM
From: bond_bubble	of 110194

Mish, You are missing the otherside of what the Foreman does. Today Foreman probably has much higher output than 1953. Also, the quality of the output is going to be lot sexy etc. In short, his wages should also have gone up proportionally as did the housing prices!!! Also, probably, the output "size" has been maxed out as well to fit the "supersized" modern world!! So, as you argue that standard of living/housing has increased, so has the standard/quality of working. Also, one more thing to notice is that, in the first 20-25 years, the inflation only ate 0.5% more. In the second 25 years it has eaten 1.5% of purchasing power. All this happened because - the cost locally has gone up - because US started the printing press first. The chinese started it much late!! So, they are having the advantage now and taking all the jobs from US. Had US never printed disproportionately, this outsourcing would not have happened. Instead ALL the "productivity" miracle would have provided the corian kitchen, supersized homes etc for less than annual income!!!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next