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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GraceZ who wrote (65350)7/6/2006 10:49:10 AM
From: mishedlo  Read Replies (2) of 110194
 
The only way a society can get richer is to do more with less. You are trying to make the argument that doing more with less will make us poorer and history has disproven that argument repeatedly over centuries.

Nonsense
That is not what I am saying at all.
I am saying that globalization is going to continue to reduce wages and given the debt levels in this country by the masses, we can not take it, nor can rising asset prices bail us out.

Mish
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