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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (6040)	1/23/2004 6:05:09 PM
From: yard_man	Respond to of 110194

there's a lesson in that -- Bush's tariffs are what caused that carp. Give them money and they are simply not going to do the right thing for the biz ... The guy is economically illiterate -- the other day on NPR he was talking about job-training. He said something to the effect: "Community colleges have to do it right. Can't train thousands of hairdressers when we don't need them ... we need targeted job training." What he was intimating was the government picking what professions needed more bodies -- where are the people in the media that have a lick of common sense to ask -- shouldn't the people wanting to be trained -- choose what THEY want commensurate with their idea of what they might be able to do to their own profit in the marketplace. Sheesh -- socialist baloney spewed right and left and the interviewers don't say a darned thing ...

To: mishedlo who wrote (6040)	1/25/2004 8:38:44 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

Harmy's post (do you have the link to your site?)really describes the process of input inflation. He also hits on a key point about so called "excess capacity" and the "output gap", siliconinvestor.com another bogus economic theory that will soon be ripped to bits. The point (and the one Harmy makes about failing to modernize) is that "excess" capacity is in reality "obsolete" capacity in an era of $35 oil prices, and $6 natural gas prices, and the string of higher input costs on metals, lumber(in the case of WY), coke, transportation and on and on. In the train wreck input cost environment "excess" or "idle" capacity quickly becomes "dead" capacity. Message 19723830 Message 19721959 Message 19715574