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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: microhoogle! who wrote (10387)	8/9/2004 11:00:02 AM
From: Perspective	Respond to of 116555

Gotta agree with Jim, even if he wasn't as rigorous as you'd like. So what if the middle class in China is exploding, buying BigMacs, Maytag washers, and and watching Disney movies. While that may benefit U.S. corporations, it does little to benefit the U.S. middle class. It doesn't create many U.S. jobs. If the Chinese are busy making Maytag washers for Chinese, the only benefit to the U.S. is a royalty to Maytag corporation - which does nothing to give U.S. middle class a lift. This is how the last major empire shift took place. The British elite were so busy patting themselves on the back for all the financial gains they were getting deploying their investments in the U.S. that they forgot about the middle class. One day they woke up and Great Britain wasn't so great any more... BC

To: microhoogle! who wrote (10387)	8/9/2004 2:43:32 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 116555

I object to the entire thought process which was countered it was utterly laughable, as my host MishMan noted of course my numbers were rough and estimated I should have put a <G> next to them, to show how hard I was laughing when I rattled them off ex-anus my ex-anus numbers are not so ridiculously off Indian has its own ATM machines, which have nothing to do with marginal outsourced job growth that is, if we can agree they had an economy before 2000 <G> we dont even know how many jobs are exported to India case closed not talking about Indian jobs started up to outsource we cannot measure lost jobs from USA if you want to call mine disinfo, go right ahead shallow shit debate his conclusions seemed politically based then defended with numbers which are so far absurd, they were really not even worthy of my comment his multiples for US net job growth are out of a nutcase political promo bullshit leaflet let's call it 'C minus' try reading my "Absolute Labor Disadvantage" article before you make any conclusions on my missives being asinine (I love that word) the article received more positive email from the publisher than all other 15 articles combined it struck a chord if you have access to estimated jobs in India estimated jobs lost in USA please share always eager to hear / jim