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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: BubbaFred who wrote (38551)	9/21/2003 11:25:02 AM
From: philv	Respond to of 74559

Outsourcing of Jobs: forbes.com The inevitability of continuing job losses, lowering of wages & standards of living can't be more plain. The only question is what the US/FED response will be. For the US and the West, it is hard to visualize any proper solution on the jobs front. What is happening is a gigantic re-balancing of standards of living throughout the world. America's dominant position is rapidly weakening, at a far greater pace than Europe because of debt and current account deficit. I shudder when I contemplate what will happen when China begins automobile exports to North America. I kind of see a large drop in the dollar, causing domestic inflation, even though job prospects remain poor. This spells big trouble as wealth is sucked out, and standard of living drops dramatically. It will be interesting to see what rabbits Greenbackscam has left in his bag of tricks to try to avoid the inevitable.