Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 147.44

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Nov 17 3:59 PM EST

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To: Katherine Derbyshire who wrote (6383)	7/27/1998 2:07:00 PM
From: Clarksterh	Read Replies (1) of 10921

Katherine - But if you ask the average citizen of either country whether they'd prefer lifetime employment to massive cyclical layoffs, what answer do you think you'd get? Sadly they don't have much choice in the matter in a global environment, as the US (and especially the unions) found out in the late 70's and 80's. And protectionism doesn't work either - see the US in the 1930's. Their only choice is whether they take a large dose of medicine now, or a huge dose later. Having said that, I agree that they probably think, however erroneously, that they have the choice you described. All JMO. Clark

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