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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 (56640)3/23/2006 1:57:39 PM
From: Mike da bear  Read Replies (1) | Respond to of 110194
 
Yes we should appreciate getting 1 job in the US for every 20 jobs in China. How much do you want to bet that whatever those 60,000 in china are producing, 98% is for consumption in the US.

If you get that 1 job in the US I guess your view of the world is completely different than the other 19 that lose their job.



To: GST who wrote (56640)3/23/2006 3:09:34 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
we will have to earn our standard of living.

I agree
I also think it is not possible
There will not be enough jobs here that will pay high enough to do that.

Conclusion: standard of living in the US has peaked for perhaps a long time to come.

Furthermore, the more money we blow attempting to police the world, the worse things here will get.

Mish


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