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Politics : Idea Of The Day

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To: coug who wrote (21742)12/4/1998 10:13:00 AM
From: Lee  Read Replies (2) of 50167
 
Hi Coug,..Re:.It is a two-edged sword in the long run.. it
produces low cost goods on one side,, but on the other side,it produces too many goods too fast.


If you don't mind, I have a reply to your puzzle. I think that global expansion and contraction are not synchronized events; therefore, when one economy is expanding, another is contracting so there is some sort of rolling equilibrium. Also, rotation occurs domestically as well. When the oil industry is laying people off, some tech service industry is having difficulty finding qualified help. So the whole process evens out over time and differing business segments.

Message 6682455
Message 6683339

Regards,

Lee
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