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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: rich evans who wrote (28349)3/18/2005 11:17:36 PM
From: John VosillaRead Replies (2) of 306849
 
Greenspan seems to think the capital surplus returned to the US arising from the deficit has funded our capex,R&D, productivity etc since our savings rate is so low. Buffett thinks totally diffently from his letter. Two heavyweights who are talking opposite. I can only say:
I don't know, I am afraid.


A major problem is corporate America is playing defensive for a host of reasons and not spending the available capital it should on R&D and capex. Few jobs for recent grads in the engineering, sciences and computer fields means more brain drain to India and the far east which will lead in new innovations and the quality value added jobs Greenspan raves about but none of us see anymore in our new ownership society.
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