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: mishedlo who wrote (33216)	5/26/2005 11:09:56 AM
From: el_gaviero	Respond to of 110194

Yes, I would agree that the FED is favoring certain people over others, but so far this favoritism is minor and pretty normal, and far from dealing with the real problem. IMO, the real problem is that we (in USA) are collectively not as rich as we used to be. The reason why is because high energy costs have apparently made it impossible to increase the productivity of domestic workers enough to overcome the dirt cheap labor of seriously poor people in other parts of the world. (And anyway, these poor people are gaining access to the same machines). Since we are not as rich as we used to be, all of us cannot live as high on the hog as we used to live. Somebody is going to have to take a hit, and live with less. But who? We have no story, no narrative, no argument to use to convince some that they are going to have to accept less. As a result, we make no decisions that deal effectively with our problems, since doing so would inflict pain. Instead we put off everything by going deeper in debt. The current regime in Washington helps some at the expense of others. No surprise. That's all politicians do these days anyway. As soon as some real pain hits the population, the current crop of Bozos will be kicked out, and the real contest will begin to see who suffers, and who shifts the suffering onto others.