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 (38475)	9/20/2003 5:11:25 AM
From: Maurice Winn	Read Replies (1) of 74559

Jay, re: <The guy in Chicago getting paid USD 150,000 for making molds is, in a few words, getting paid too much, and the guy getting costing USD 45,000 for inspecting women’s underwear at airport in Miami is costing too much.> Yes, it's true. But it has been true for decades. For decades I have been in awe of how powerful the resistance of various countries is to financial gravity. Yes, it's a no-brainer to bet that such excessive pay will transfer to umpty million Chinese ready, willing and able to take over manufacturing for derisory pay. It's a bit like the yen carry trade was a no brainer. Except that "no brains" seems a peculiar way to approach such things. Being wary and suspicious and fearful and paranoid, I am not convinced that no-brainer people can outwit Japan's system and Uncle Sam and Uncle Al's financial and geopolitical might. The USA has already fallen from 40c to 59c vs the might $Kiwi. That's quite a move. Nearly 50%. Mqurice

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