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

To: GraceZ who wrote (21036)	1/12/2005 10:20:17 AM
From: zonder	Read Replies (2) \| Respond to of 116555

Why does any country need to make anything they can buy somewhere else with money they can make from those things where they do have a comparative advantage? It's not efficient. I suspect you know the answer to that, or you should. Anyway, "why" is irrelevant. The point is that countries ARE making things they can buy cheaper from abroad. Your own country IS subsidising a variety of sectors whose products it can import for MUCH cheaper. You seem to be saying "If there is no valid reason why that I can think of, then such a thing cannot be happening". Are you that detached from reality? What I have been trying to tell you is that it IS happening. Stronger countries DO put up barriers to trade for the benefit of their own sectors as they force open the weaker markets of developing countries with the bribes and the massive debts they hold. This is real world. I am sorry that it does not exactly reflect the theory you revere. I'm embarrassed for you. Gee, thanks, Grace. That makes me all warm and fuzzy inside :-) Now how about telling us your "claim" to be "well-educated in the markets". You insinuated doubts about mine, so I told you a brief overview of mine. And I asked yours. Come on, tell us. I guess you studied economics at some point, or you wouldn't have fallen so in love with its theory. Have you ever worked in anything relating to financial markets? Have you ever been involved in any developing markets? Have you ever seen for yourself how a develeping country transitions to a market economy? I vaguely remember you or another poster referring on a thread to your preparing slides or presentations for a living. Are any of those presentations about the financial markets of developing countries?