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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (598)	5/1/2003 5:09:31 PM
From: jrhana	Read Replies (2) \| Respond to of 4912

<What is accelerating this is that one of our biggest exports for years has been education and training.> Very true but what I think will help save our future is our ability to think independently. We attack all sacred cows; we are willing to always question all assumptions. This allows us to dream up unique solutions to new problems. This is the major strength of our society and our educational system IMO. It also is not exportable-Most societies are much more rigid than ours. What we most lack is discipline-Here many other societies have the advantage. The whole concept of how we will compete in the coming decades is both fascinating and crucial. BTW I enjoy your posts; I find them very cogent and provide a nice counter-balance to lot of other also (sometimes) interesting viewpoints.

To: GraceZ who wrote (598)	5/1/2003 8:15:07 PM
From: LLCF	Read Replies (2) \| Respond to of 4912

<The imbalance is caused by the simple fact that we have a much higher standard of living then much of the rest of the world which allows us to buy more of what they make then they can buy of what we make. The only cure for this type of imbalance is to have us reach parity with them. > Actually, theoretically in a 2 economy world [to simplify], that is impossible, there wouldn't be any trade if they didn't want something of ours of equal value :) Perhaps the imbalance is caused by their willingness to buy our favorite export... $US's! I'm particularily bearish on the dollar because of the vast pool held as reserves while more is being pushed into the resevoir. Why the DXY doesn't simply open @ 86 tomorrow and get it over with I don't know... all the players know there is more coming, just take a cheaper price. Markets are strange animals however [ie. we are strange beings -gg-], and paradigms take time to shift.... participants have known for a long time and did nothing, human nature I suppose. Once paradigms do shift, it's usually swift however :) I agree with most of your post however and the long term ramifiations of income disparity is certainly hitting home in the labour market. Interestingly enough talking heads keep telling people that it doesn't matter because we will simply create higher end products that foreigners WILL want creating better paying jobs for them? In reality, over the long run, one would expect pretty much the same income distribution in most countries, and there was no reason to expect that for a period [decades? Hundreds of years? No one really knows] the US wouldn't develope a class of poor similar to other developing nations. Of course it all comes out in the wash, and there is really not much government can do... but they'll try, and that might portend a buy signal upcoming :) As usual JMWO DAK

To: GraceZ who wrote (598)	5/1/2003 9:36:52 PM
From: Win-Lose-Draw	Read Replies (2) \| Respond to of 4912

a problem with biotech leading the next wave of "It" is the US has some rather, well, interesting ethical views on what does and doesn't constitute legit biotech research. if this continues people will just do it elsewhere, it's not like you can't build a lab pretty much anywhere on the planet. plus now that we've gotten so good at exporting the ability to commoditize jobs, it'll only take half as long to commoditize biotech employment as it did to do the same to silitech. -g/ng- but you're right: some sort of parity is where we're all heading. nature hates an imbalance.