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


To: Elroy Jetson who wrote (32800)5/25/2005 5:12:47 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
interesting, thanks
kind of life exporting a virus
all the traffic back & forth leading to mutual infection

inflation is a cancer
we continue to believe we can exploit it
when inflation continues to destroy our economic fabric
why doesn't anyone talk about why the USA has uncompetitive labor versus Asia ?
it is not just their heavy population
if our annual worker wage in Detroit were $25k,
then we would still be thriving there
take out the rabid inflation for 40 years,
and we might be competitive
too late though, way too late
we must pay for our sins, or rather, the world must pay

of course, then you also have inflationary machinery going amok
and producing the stuff which aids deflationary winds

ooops, let's not go there again
/ jim