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

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To: ild who wrote (22340)	11/23/2004 4:55:58 PM
From: philv	Read Replies (1) of 110194

That sounds pretty good. Something will come along where we can deploy our superior talents to create wealth. I like that. "it allows our own economic development to take a new step forward, toward more demanding and complex stages of production and the introduction of new products that were not available before" Luckily for us the Chinese are incapable of such advanced thinking, and they will forever be reliant upon our superiority. Luckily for us they are willing to pay enormous amounts for out intellectual products which have no competition. I think I heard Greenspan saying much the same before. The difference between now and the horse and buggy example, something better came along first to displace the former. But this time around, what is displacing the manufacturing and high tech jobs other than hope? Just my opinion.

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