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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Baldur Fjvlnisson who wrote (8420)	1/23/2003 5:45:56 PM
From: Jack of All Trades	Read Replies (2) \| Respond to of 306849

I don't disagree with you on his latest plan... As far as the FED begging people to spend money, I would say that most people on the lower income scale don't listen to the gov leaders that often. The reason for this is they don't generally have the time to listen. Hell, my wife is a stay at home mom, and she has no idea what's going on, how can I expect someone working 1 or 2 jobs and taking care of the family to listen to the FED heads. To clear the debt load on this country we are going to have to endure some inflationary times to make the debt easy to pay off with cheaper money. US Mfg will not be able to compete with China in the labor area, also I see the Chinese over here buying high tech mfg equip for pennies on the dollar. So, not only are US mfgr's competing against cheap labor they are competing against high tech equipment that was virtually free compared to what they (US mfg) paid in this last cap ex boom... One way to help this is with cheaper money, forcing the purchases of goods to come from within. As far as mfg capacity goes, don't worry it's being taken out to the proverbial wood shed and getting smacked. I know of several public companies that are ripping out mfg lines cutting them up and throwing them away. They are doing this to reduce the qtly depreciations into one qtr to make them look profitable in the next qtr...