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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Knighty Tin who wrote (18553)	9/14/2004 6:29:25 AM
From: zonder	Read Replies (1) of 110194

Can't argue with this: "The only way for America to compete is for all of us to make less real money and closer to what is earned in China and India" As for your roadmap on just how that will be achieved - that read like pure Philip K. Dick. You're good :-) On a more serious note - Now that geographics of where something is manufactured and consumed does not matter so much, isn't it only normal for living standards of developed & developing worlds to converge? Third-world people get out of their mud huts & afford a second pair of shoes, while Europeans work more and retire later, and Americans sell the second SUV and maybe lose a couple of pounds walking around. That WAS, after all, the proposed benefit of free trade to developing countries, all the time when corporations such as Coca Cola and Mc Donalds making good money for their shareholders by pulverizing small local businesses. Personally, I don't see anything wrong with the extremes of the world's living standards approaching each other - sorry that it will hurt the current generation in the western world, who is used to working less and enjoying a higher standard of life, though...

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