The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: shades who wrote (37664)	8/12/2005 12:50:00 AM
From: tsigprofit	Read Replies (1) of 306849

Good post. That was they way it was SUPPOSED to work - or so we were told in the 80s, as you point out. The US doesn't need or care if we lost some manufacturing, textiles, shoes, clothing, etc. - who cares? We will be the KNOWLEDGE workers. We will make software, do biotech - research - the smart stuff. So get your Computer Science degree, etc. and you are set. Until around 2000-2001. Nobody talked about outsourcing those same jobs now to China/India. I don't blame them - they are trying to make a buck too. But what happens when the US is noncompetitive in manufacturing, and we let other countries increasingly do software, make the computer hardware, do more biotech, engineering, etc. What do we do here? Looks like build and sell homes to each other - and sell retail goods made somewhere else. Oh - and banking - good to loan each other money we don't have to buy all those things..

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