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Non-Tech : Kirk's Market Thoughts
COHR 139.51+2.9%Nov 21 3:59 PM EST
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Kirk ©
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To: Jerome who wrote (863)3/14/2014 9:21:58 AM
From: robert b furman2 Recommendations  Read Replies (1) of 26596
 
Hi Jerome,

Agreed.

The biggest obstacle confronting the global economy has been excess capacity and low demand for end product devices.

The hordes of cash accumulated have not been put to work - they have been guarded and accumulated.

That does not mean they should move them around just so they can cut them by a tax rate - whatever it is.

Few realize that the globalization effort (which was designed to bust the excessive charges of unions in the developed world) resulted in excess capacity globally.

Every new plant in China was another plant that idled or reduced the activity of another plant in the developed world.

Thus no inflation - in fact it brought us deflation.

Then you get a government that imposes free health care costs of the unemployed onto the working class.

Then you have part time workers and robots replacing people.

Then you get a president redefining laws on overtime and hyping an increase in the minimum wage and the head count goes down even more.

Not to worry life on the government is better than working any how.

If our politicians would learn that the free market, not regulation or union extortion is the best policy we'd be leading the world even more than we are already.

Politicians hype this stuff that sounds so good. Minimum wage and free health care

Then they stick their heads in the sand about their tax policies.

We need less government and let the real economy work IMO

Bob
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