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

To: LLCF who wrote (44537)	1/15/2006 10:46:59 AM
From: shades	Respond to of 116555

globalism still good or not? Czech women - oh my - some of them are SO beautiful. Was he going to the big sister club in Prague for his massage? hehe Here is what one guy thinks of globalism: worldsexguide.com Yes it is generally cheap in Prague but prices have gone up about 40 % in five years. I remember in 99 a girl in sexpark costed me 800 ckr now it costs 1000 ckr, but you got almost 20 percent more for a danish crown. Also the prices that was given in Deutchmarks was more or less converted into Euro . 50 DM became 50 Euro. The pricegap between Prague and other mayor cities are closing in. In ten years we are all going to Moldova or Ukraine. So LLCF I don't think they like globalism so much as it relates to the worlds oldest profession. Bhagwati and others at the CFR are certain the rising tide will lift all boats - but I look at the life and work and benefits my father had and what my peers today have and don't see it personally. Specifically in travel - my pop could take his small paycheck but with 4 marks to the dollar in germany or other places he could live la vida loca on all that travel he did - I would have to spend many millions to live the lifestyle he lived on middle class income. I will probably never get to visit all my half brothers and half sisters dotted all over the globe - hehe. While CNBC and Fox cost of freedom cronies glow with talk of dow 12K and several of my friends email me whoopee hooray - they forget the wool that has been pulled over thier eyes regarding Mish's Inflation Monster. I am not a gold advocate - but schiff makes a good point below - I like to think in terms of all the women my dad visited in his travels and children he sired as wealth - I try not to think in terms of dollars or gold - even with millions in dollars - it seems the mindsets have changed so fundamentally from dad's days that I will never live in the rich land of love that ole dad did. He was blessed. 321gold.com 11,750 hardly has the same purchasing power today as it did in January of 2000. The significant inflation of the last six years (bogus CPI numbers not withstanding) has rendered any direct dollar comparisons meaningless. One of the many reasons politicians favor inflation is that it creates the illusion of increased wealth among the electorate. However, pick any other commodity or asset class you wish (oil, copper, sugar, Swiss francs, condos, etc,) Prague women and the Dow has lost a considerable amount of value against it. Any way you price it, the Dow has a long way to go to make a legitimate new high. RE: the wall in Arizona - I watched a special on einstien recently - and they were talking about the shoulders he stood on - some scientist in Paris who was also the tax collector - he put a wall around the city so he could more closely control the tax of the citizens coming or leaving - he was beheaded I believe in the revolutions - a great loss to science from what I understand. wpherald.com LONDON -- The British government is to offer some asylum-seekers and illegal immigrants more cash to leave the country. The offer of up to $3,500 per person would run until the end of June and would be available to those who claimed asylum in Britain before last month The cost of forced removals is estimated at about $19,500 per person. Instead of a wall - they are paying them to leave. I remember cary grant said that one time about hookers - he didn't pay them to have sex with him - he could get that for free - he paid them so that they would leave after he used them for what he needed! A wall sure would make a big bridge to nowhere type project for haliburton though eh? Employ a lot of idle hands - worked for china a ways back eh?

To: LLCF who wrote (44537)	1/15/2006 12:37:04 PM
From: John Carragher	Read Replies (1) \| Respond to of 116555

what is the deal for ibm.? i would prefer getting the contribution from pension into a 401k plan. long term i have to think money in stock market will do much better. for example i retired ten years ago. i had choice take lump sum or take pension. i took lump sum discounted for age. I still feel i did the right thing vs taking a fixed pension at age 52 in addition to it being a discounted pension. don't companies have fixed rate per cent for labor burden expenses? as i remember years ago the magic competitive number was 33% of payroll (included soc sec contribution). one company may not have a pension but gave full medical benefits. another may have had both but no contributions to 401k. I thought employee benefits were going to cafeteria plans.. you pick and chose how you want the fixed per cent of company contributions applied. Most of pensions ,i was aware of, did not have inflation factors and began to lose value as soon as you retired. retirees living longer will usually end up with something worth a lot less than they originally expect after fifteen years of retirement. If they get a better 401k plan i think retirees will have a better opportunity of a healthy retirement income than pensions. they always have the alternative at retirement to buy an annuity.

To: LLCF who wrote (44537)	1/15/2006 11:24:41 PM
From: John Vosilla	Read Replies (1) \| Respond to of 116555

"..welcome to global competition. THAT's the real issue, is globalism still good or not? Oh, so should we build that wall along the Arizona boarder then?? So many questions are really one." Without new innovations along with capital investment most who desire to get ahead are screwed in this country. Misallocation of capital into technology and housing, too much credit, wars and living beyond your means are so old school when you look for a better future..