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Strategies & Market Trends : Asia Forum
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To: Dayuhan who wrote (9766)9/9/2000 9:55:05 PM
From: Rolla Coasta  Read Replies (1) of 9980
 
Unemployment in the US has been very low for the duration of the boom market, and US consumption employs much of the world.

So there's no such thing as "cultural decay" in the US when the economy here is booming. But I would doubt economies in other parts of the world are booming at the same time. While demands and supplies in the US could be satisfied within the continent if excluding competition from other parts of the world, it also means the US may not necessarily buy the goods made from the 3rd world countries, like Philippines or Bangladesh, unless those countries really put the labor costs into as minimal amount as possible. Some US companies like Nike take advantage of the low paid workers in the 3rd world, and they sell their goods in the US to make profits for themselves. Company like this survives in this way and drives the US economy, while the 3rd world workers make their hard earn money on low paid wages. Sure it helps the unemployment rate, but doesn't necessarily help them to get out of the poor conditions. I agree that there's no better way to get rich when comparing with the capitalist market. Whether the economy is booming or not can easily be reflected in the stock market, and that's where people usually lose money if they are not fully loaded with enough capital and they are getting slaughtered by the rich folks, who are likely to control the psychological factor and the market itself. Just my opinion. Regards.
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