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

To: Wyätt Gwyön who wrote (16946)	2/8/2004 10:24:46 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

only an economist with the IQ of George Bush believes that. Well, isn't Larry Kudlow an economist, and his guests are economists also right? They certainly don't seem to understand. And there's a guy on the Bush thread (tonto) who tries to claim an understanding of economics and he doesn't understand. It wouldn't surprise me at all if all of these people had IQs along the lines of Bush. :-( by the way, even though official US productivity is raised by offshoring, to the extent that one assumes more worker-hours are required for offshore work than onshore work, aggregate productivity related to the US economy is actually reduced--but this doesn't matter because the very low pay of foreigners compared to onshore workers means profitability is raised despite their lower productivity. I completely agree. We are actually LESS productive than before. Only the cost is optimized with this approach. BTW Steven Roach seems to understand all of these matters well. So there is one smart guy.