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Strategies & Market Trends : The coming US dollar crisis
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To: Secret_Agent_Man who wrote (9809)8/1/2008 10:43:47 PM
From: Real Man  Read Replies (1) of 71456
 
That's right. We'll see a global crisis, with the epicenter
in the USA. US current account deficit will need to improve,
and manufacturing must shift back from the cheap labor
countries. Without a real job that pays US consumers will
remain dead. It's not true that cheap labor is everything -
developed countries are that way because of productivity,
and it can still improve. Japan is one example, Germany is
another.
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