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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (53098)2/8/2006 2:00:20 PM
From: GST  Read Replies (2) of 110194
 
<I see a clueless person that can not see the consequences of negative US savings, and global wage arbitrage>

I see the world for what it is -- a place where there are talented people distributed around the globe and people in every country looking for a fast buck. Today, the number of talented people is growing fastest outside the US, while the number of fast-back artists in the US is reaching a crescendo. I would put my money on the talented people around the world to outperform us unless something changes to redirect us. As for now, we make a living in the world from our brains -- and that is why it is decisively important to take better care of the ones we have and to develop more and better brains. That is what our trading partners are doing -- although to the 19th century economist among us it may seem like a simple matter of "wage arbitrage".
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