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


To: Knighty Tin who wrote (18553)9/13/2004 3:35:01 PM
From: Canuck Dave  Read Replies (2) | Respond to of 110194
 
Scary, but I think you've about nailed it, KT.

I'm thinking of writing an article called "The Liquidation of America".

Some heavyweights would agree with you, too.

morganstanley.com

CD



To: Knighty Tin who wrote (18553)9/13/2004 6:02:12 PM
From: NOW  Respond to of 110194
 
sounds lovely. sign me up.



To: Knighty Tin who wrote (18553)9/14/2004 5:53:33 AM
From: re3  Read Replies (1) | Respond to of 110194
 
kt, you are a sharp dude, so, given this scenario, can you at least advise me on how i can get through this so i can at least manage to hang on to the lazy-boy chair ? -g-



To: Knighty Tin who wrote (18553)9/14/2004 6:29:25 AM
From: zonder  Read Replies (1) | Respond to of 110194
 
Can't argue with this: "The only way for America to compete is for all of us to make less real money and closer to what is earned in China and India"

As for your roadmap on just how that will be achieved - that read like pure Philip K. Dick. You're good :-)

On a more serious note - Now that geographics of where something is manufactured and consumed does not matter so much, isn't it only normal for living standards of developed & developing worlds to converge? Third-world people get out of their mud huts & afford a second pair of shoes, while Europeans work more and retire later, and Americans sell the second SUV and maybe lose a couple of pounds walking around.

That WAS, after all, the proposed benefit of free trade to developing countries, all the time when corporations such as Coca Cola and Mc Donalds making good money for their shareholders by pulverizing small local businesses.

Personally, I don't see anything wrong with the extremes of the world's living standards approaching each other - sorry that it will hurt the current generation in the western world, who is used to working less and enjoying a higher standard of life, though...



To: Knighty Tin who wrote (18553)9/14/2004 7:12:50 AM
From: Terry Maloney  Read Replies (1) | Respond to of 110194
 
C'mon, KT, all's not doom and gloom ... <g>

U.S. private prison operator CCA sees rosy future: overcrowding, rising crime

NASHVILLE, Tenn. (AP) -- America's largest operator of private-sector prisons expects to benefit from the Bush administration's expansion of federal police and thinks prison overcrowding could lead to more business.  Corrections Corp. of America, which houses about 63,000 inmates in 20 states and the District of Columbia, also assures investors that the demographic group producing many prisoners -- males 18 to 24 years old -- is growing and this should create more demand for its services.

canoe.ca