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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GST who wrote (50700)1/22/2006 1:55:13 AM
From: John Vosilla  Read Replies (3) of 110194
 
For Mish's theory to play out nondiscretionary expenses would have to go down. These are the costs of goods and services he needs in his basic daily survival. Many are provided directly or indirectly by either the government or monopoly. Others would just shut down if the can't make a profit.. Most outside of clothing, some household items and basic electronic gadgets are not dependent at all on globalization or China..
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