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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: axial who wrote (108341)	2/16/2010 11:25:04 AM
From: mishedlo	3 Recommendations Read Replies (2) of 116555

Just the facts Jack ... "Canadian Mining Union Stubborn to Point of Self-Destruction" Note: [A] - This is NOT a public-sector union. [B] - He makes the inflammatory and derisive statement that the union is "stubborn to the point of self-destruction". Fine; let's go to the linked story and my response for the facts, which you are choosing to ignore AR - I never said it was BR - There is nothing inflammatory about it at all Indeed "Canadian Mining Union Stubborn to Point of Self-Destruction" is a simple statement of fact. They are losing their homes, their cars, and their lives because they are stubborn to the point of self-destruction. They could have at any time ended the strike. They would have had a job and they would still have had their pension. They would not have lost their homes or cars. New hires are the only ones with reduced pensions. They were economic idiots to wreck their lives for the sake of new hires. That too is a simple statement of fact. They gambled and lost. That is a statement of fact as well. That they held out for as long as they did proves they are stubborn. Again, another plain as day fact. What is NOT stated by Mish is how many companies have been driven to ruin by management stupidity. A statement of fact as well. However, It is something I have said many times before. I saw no reason to say it again. But if it makes you happy here you go: "many companies have been driven to ruin by management stupidity". That is a clear statement of fact. A widespread example (if indeed not the most widespread example) of "management stupidity" is giving in to union demands that are untenable in the long run. GM is a perfect example of management stupidity, negotiating contracts with unions that were guaranteed to eventually sink the company regardless of what else they did. Again, that is a simple statement of fact. Mish

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