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


To: GST who wrote (48429)12/30/2005 10:47:06 AM
From: mishedlo  Read Replies (2) | Respond to of 110194
 
As for our ability to produce, the key for us now is to go global or go broke. If you are in business and have never been to China, you are a bystander in what is going on in the world. The US is far, far, far too insular and self-important. It is time to get over oursleves and hit the road. That is where the future lies. When America was young it was right to say "go west". Now you must go global. As for savings, our finances are a disgrace and we must put them in order or all else is just window dressing.

I can agree with every one of those sentences.
Furthermore, given wage differences and obvious continued outsourcing even into the service sector, the result is deflationary for everything but raw materials.

Mish