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


To: Haim R. Branisteanu who wrote (8720)2/26/2004 2:43:17 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
I am often reminded of 1900 USA effect on world agriculture
our mechanization wave was highly innovative
we brought down the cost of food
wheat thresher, combines, cottin gin, steam engine

we decimated Europe's ag business

now the same phenomenon is occurring worldwide
Asian hightech and services are decimating us
on the tech side it is from better nextgen equipment and lower cost
on the service side it is from exploiting the tech communications and lower cost

/ jim