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To: EL KABONG!!! who wrote (33924)	5/19/2003 3:29:09 AM
From: LLCF	Read Replies (2) \| Respond to of 74559

<<A rather grim outlook from Time, I suppose... But if one thinks about it for a minute or so, the same jobs argument could be made for many Europeans, Japanese, or even Hong Kong workers.>> Except they and their governments aren't in debt to the tune of the American. dAK

To: EL KABONG!!! who wrote (33924)	5/19/2003 3:39:12 AM
From: elmatador	Read Replies (2) \| Respond to of 74559

Cheaper doesn't mean worse. PPP, (Purchase Price Parity) was brought in to calculate the purchase power of people leaving in different countries. So if you buy a beer for 1 dollar in a certain country, one doesn't have to earn as much to have his beer. Now extend this to housing prices, food, entertainment etc, one just earn more and pay more in a inflated country. I don't have to pay house heating in Curitiba for more than 4/6 weeks. Neither I need air-conditioning. Nor the construction has to be so expoensive to fight humidity as in the UK or freezing countries like Scandinavian or Canada. A guy making products for: Nissan/Peugeot, VW, Bosch, Siemens, Furukawa, Volvo, Electrolux, Nippondenso etc. stuff in Curitiba doesn't neeed to earn a lot of money. Then his dentists, his doctor, also are subject to the same economy and so it goes. The problem there seems to be only the government picking his pocket.

To: EL KABONG!!! who wrote (33924)	5/19/2003 5:56:04 AM
From: TobagoJack	Respond to of 74559

Hi KJC, <<But if one thinks about it for a minute or so, the same jobs argument could be made for many Europeans, Japanese, or even Hong Kong workers. No matter what one does for a living, there's always someone else, somewhere else that can do it cheaper...>> ... Exactly my point, that what Hong Kong is experiencing, starting a few year ago, was simply the front wave of a gigantic abracadabra tsunami Message 16212324 August 15th, 2001 I am being optimistic and am of course assuming that all the market noise and propaganda smoke is not in fact camouflaging an inflection point connecting Silicon Glory to an as yet unknown “next abracadabra”, as the Rust Belt was once transformed into Silicon Glory but accompanied by much dying anguish and birthing pain. But ACF Mike says I am mind-twisted :0) Message 18430435 I have no idea where you get it - perhaps from the mind-bending effects of experiencing the mainland-ization of Hong Kong first hand. It is as if my experience gained from expeditions in Asia is not a reference for the folks back in the US; you know, as if I haven’t a clue :0) Message 15113604 January 3rd, 2001 Regardless of the prophecies and sagely council, the simple observable facts are exactly that … observable. The barbarians are laying siege to all the previously unassailable fortresses and forbidden sacred grounds. First fell the Microsofts, sabotaged by the locals; then fell the Amazons, followed by the Lucents, Banks, Intels and now the Ciscos. The drinking water is poisoned by debt. The air is thick with the screams from the rampage and melee. The gates of GE are burning. Finally will fall the Coca-colas, Mercks, Real estate and with it the mighty Dollar. The barbarians’ mopping up operations may exact a similarly heavy toll again by percentage (NAZ to 1400) on the already weakened, depleted and ransacked fortresses. Then, and only then, it will be time to buy, buy blindly, without fear and regret. A miserly, miserable and all expected 1% interest rate drop by Al Greenspan will not be able to stop the bleeding, but only give a final wink of hope before the candles gets snuffed out by the simple lack of oxygen and the will to “buy and hold”. What may delay the reckoning will be a massive and unforgivable release of real liquidity that will replace the vaporized trillions of false value. This is how bear markets work. Welcome to the brave new world of 2001 where there are no forbidden grounds on which the barbarians dare not tread. Chugs, Jay