CB,..Re:.you miss the basic point
Didn't miss the point at all, only pointing out physical limitations to running flat out, full throttle fully loaded. Like MeDroogies analogy of an engine, it'll last lots longer if not burned out from overspeed or overload.
Also, in your earlier post, you mentioned 7% rates last year which we haven't seen since early '97. So even if facts aren't particularly important to you, they're necessary.
bigcharts.com
Re:.our production and wealth will by the shear force of economics be siphoned off to higher population lower labor rate countries like asia..
This has already happened to some extent, sans wealth, as far as production for basic products is concerned. It has allowed us to focus more on the higher margin, higher profit service and technology industries which by the way, account for a goodly portion of our exports.
Lee |
