Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Yogizuna who wrote (40071)	5/19/1999 12:58:00 PM
From: John Gault	Read Replies (1) of 94695

Yogi: I respectfully disagree. I believe deflation still remains the biggest danger to the Us economy. There are massive pressures being placed on many many small and large businesses out there now and that pressure will only grow. The pressure,imho, is originating from the free trade agreements that are laying off laborers, technology that is replacing workers, and the concentration in markets that is being derived from direct internet sales. Two companies I know of that have reorganized to the Cayman Islands recently are RIG and FLC.... If you don't know what deflationary pressures feel like go down to central Kentucky where Fruit of Loom left... 45% unemployment and most have been on to long now to be counted in government statistics. 30 pennies an hour wage in Honduras is tough to compete with.... Also DE<John Deere> just announced they are shutting down production for a few weeks.

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