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

To: John Vosilla who wrote (50719)	1/22/2006 7:35:21 AM
From: shades	Read Replies (1) \| Respond to of 110194

These are the costs of goods and services he needs in his basic daily survival. My propel water costs went down at walmart - but my dental costs keep going up - I need both. Many are provided directly or indirectly by either the government or monopoly. I posted on real estate where wall street is moving into selling toll roads - all the roads used to be pretty much free eh? We pay a gas tax to maintain the roads right - and then have to pay a toll fee too - what of the people in Tampa that ONLY use the toll road for like 99% of thier travel - why should they pay a gas tax for road maintenance on roads they never use? Others would just shut down if the can't make a profit.. What i just posted about zimbabwe barber shops and hair salons seems to be the case - why stay in business if you cant make profit? Zimbabwe women just shave thier head now instead of getting hairdo - food they NEED - hairdo is luxury. Most outside of clothing, some household items and basic electronic gadgets are not dependent at all on globalization or China.. Economies are local and regional just as they are global - what the internet and databases and just in time inventory could do for the globabl economy is playing out with cheaper and cheaper global labor. Maybe china will soon fear unemployed zimbabwe hairdressors taking thier manufacturing jobs - hehe. Hummer 3's are being built in africa now - But as I have said to general chen often - on the global race to the bottom for cheap labor - once we hit africa - that pony ride will be played out eh?

To: John Vosilla who wrote (50719)	1/22/2006 3:49:07 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

For Mish's theory to play out nondiscretionary expenses would have to go down. These are the costs of goods and services he needs in his basic daily survival. Many are provided directly or indirectly by either the government or monopoly. Others would just shut down if the can't make a profit.. Most outside of clothing, some household items and basic electronic gadgets are not dependent at all on globalization or China.. Nondicretionary spending will certainly drop off: restuarants movies popcorn at movies even for thos that go to movies In response, I expect prices to actually drop. Perhaps not by much, perhaps by a lot. I also expect stuff like the prices for haircuts to drop and/or for people to just get them less often. Perhaps both. Mish