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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GraceZ who wrote (64277)6/21/2006 11:30:06 AM
From: UncleBigs  Read Replies (2) of 110194
 
We've reached the point in the u.s. economy where we need debt induced speculation and consumption to keep the system intact.

We have a workforce concentrated in mortgage brokers, real estate agents, remodeling contractors, Starbucks baristas, Wal Mart greeters, manicurists, and speculators.

Who's at the top of the economic foodchain? Hedge fund traders.

That about says it all. Robotics aren't a threat to the u.s. economy. Who needs robots when you have a billion Chinese who will work for $1 per hour?
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