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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (101994)9/16/2009 1:36:34 AM
From: Hawkmoon1 Recommendation  Read Replies (3) of 116555
 
We really do need falling wages and falling prices to be more competitive. Unfortunately the Fed is fighting that tooth and nail.

I have to disagree with that theory. I don't want our people to be a nation of assembly line workers making electronic consumer products trying to compete with low labor costs in international markets.

What we need is a new technological front where we're ahead of the rest of the world, and especially those that create technological spinoffs. At one time this was outer space, and I think there is still something to be said for that arena. I also think there's something to be said for pushing nanotech.

Moving our nation towards new technological frontiers that challenge our intellectual and engineering capabilities, and investing in the people to operate in those fields, is one direction I would like to see governmental policies focused upon.

I do not see windmills and solar technology being the answer, since they do not create value added efficiencies (IMO) over fossil fuels. However, I'll welcome the day we see technologies like ultracapacitors come to commercial viability. I think these are far more pragmatic than the current push towards Li-Ion battery powered transportation.

I hope that you'll direct some of your future articles and research to answering some of these problems we're facing in the economy. It's one thing to B&M about the flaws in someone else's policies, but we need to develop some strategies that SHOULD be implemented.

Hawk
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