Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jim Willie CB who wrote (19254)	10/1/2004 10:08:17 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 110194

oh hwell that's to complicated <GGG>

To: Jim Willie CB who wrote (19254)	10/1/2004 10:37:16 AM
From: philv	Read Replies (1) \| Respond to of 110194

Jim we have all watched this process of shedding of manufacturing and industrial capacity for years and years, without any apparent adverse affect. Life seems to go on as before, Greenspan's printing press cranked up faster and faster, people borrowing this paper to buy all those good things foreigners are producing. Remember Greenspan was asked about this, outsourcing and importing of foreign made goods, and he theorized that as long as they accept the dollar, why who needs to manufacture? Besides, we must leave those menial jobs to the lesser world, while we sit back and conceptualize and capitalize. Maybe you are one of those without the capacity to conceptualize? (g) As long as our leaders are on this path to the New World Order, taking in all those low wage countries, encouraging trade, this problem won't go away, and I too expect the dollar to decline considerably. But I have been expecting that for a long time. The problem is, Japan, China, Europe, etc. like a strong dollar so that they can build up and continue to export. Btw: Congrats. on your spot in Puplava's weekly broadcast.

To: Jim Willie CB who wrote (19254)	10/1/2004 3:50:19 PM
From: Gemlaoshi	Read Replies (1) \| Respond to of 110194

Jim, I know this post is probably in vain, but here goes!! Manufacturing as a percentage of GDP and employment has been in steady decline for the past 50 years...to the point where it is now only 14% of GDP and 11% of employment. That has been a primary structural (not cyclical) change in our economy, and those jobs will not be coming back. The good news is that economies must evolve or they go stagnant. Unfortunately, there is always a lot of personal pain for individuals that do not have, or cannot obtain, the skills in demand for the new economic environment. But political attempts to protect the economic status quo (i.e. protectionism) just prolong the pain. The pertinent questions here are: What is the US economy evolving to, and what role can we all play in fostering the transition? I have no crystal ball to the first part of the question. Biotech? Nanotech? Something not even on today's radar screen? I wish I knew!! As for the second part of the question, I can support institutions that nurture individual innovation and creativity. Whatever the Next Big Thing is, it will spring from the efforts of numerous creative individuals, not from centralized goverment planning. I can also avoid the Chicken Little syndrome, and help individuals obtain the skills they need for the future. There are several good resources related to the US manufacturing environment, and conceptual models on how economies and companies evolve. Michael Porter of Harvard is probably the most proliflic...his books and articles in the HBR are excellent. Prahalad and Hamel are also excellent and have written extensively in the HBR and other publications. The references below are a primer...I hope you and the rest of the SI family find them helpful. A decent study by the Depart of Commerce (pdf file): commerce.gov Important works by Michael Porter: amazon.com amazon.com And anything by Prahalad and Hamel: amazon.com amazon.com Regards, Dave