I heard entire Greenspasm message on CNBC, my impressions
he stressed flexibility in the US Economy as a big advantage to adapt to new stressors
unfortunately, he fails to recognize that globalization has allowed that same flexibility to encourage vast job exodus to Asia
now, with new reflation stressors, which have resulted in huge production cost rises (a point he ignores), job exodus to Asia has accelerated
also, flexibility has permitted our industrial base to distort itself, and twist toward the monetary inflation engineered sunlight, to establish mortgage and other lending subsidiaries, thus shedding the mfg base to Asians
(see General Motors, General Electric)
and the biggest flexible factor is taking $1500 billion per day in those extremely efficient capital markets, whereby Asia sends us vast sums of their savings
ALL ENABLED BY THIS FLEXIBILITY
he overlooked how job growth has been rather noteworthy in the fast food industry, and for WalMart greeters
he again emphasized technology as some implied savior
when instead, it is the very vehicle for job outsourcing output
and the ultimate engine for reduced pricing power, from economies of scale and overproduction
THIS GREENSPASM IS AN EFFING ARROGANT FOOL
HE HAS CONTRIBUTED TO THE DESTRUCTION OF THE US ECONOMY
AND IS TOTALLY UNAWARE THAT ITS LOWER DECKS HAVE TAKEN ON WATER
/ jim
p.s. I relieved myself during a morning constitutional episode, while listening to the self-promotional deceptive spin, a fitting BACKDROP for his effusive drivel |
