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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Steve Lokness who wrote (111766)5/18/2010 12:55:37 PM
From: ajtj997 Recommendations  Read Replies (2) of 116555
 
You are not getting what free markets are about.

Let me use an example from the grocery store.

Ramen Noodles cost about $0.10 per package. Chuck roast runs about $2.50/lb. Ribeye Steak runs about $10.00/lb.

A US worker with a high school degree is the grocery equivalent of Ramen Noodles in this global economy. A US worker with a bachelors degree is the grocery equivalent of chuck roast. A US worker with an advanced degree in a high demand industry is Ribeye Steak.

Basically some people posting here want the market to pay $0.50 for Ramen Noodles and $5.00 for Chuck Roast. Well, at that price most of the Ramen Noodles will sit on the shelf well past their expiration date. The same for the Chuck Roast.

The New York Strip will sell at market all day long.

It's about adapting to reality, not sitting on your hands and hoping things don't ever change.
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