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

To: CalculatedRisk who wrote (48869)	3/29/2006 1:00:58 PM
From: regli	Read Replies (1) \| Respond to of 116555

Excellent and very informative blog. Thanks.

To: CalculatedRisk who wrote (48869)	3/29/2006 1:09:19 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Euro Bashing globaleconomicanalysis.blogspot.com Mish

To: CalculatedRisk who wrote (48869)	3/29/2006 1:34:50 PM
From: shades	Respond to of 116555

Option 3 - Rubin admitted this was the magic he performed with clinton in the 90's - cutting military - and will be done again in the future - notice soldiers talking about they don't have enough armor. In the future we won't even use soldiers - they cost too much - we will use robots and joystick jockeys like general Chen. Many articles have already been posted here to this future. Option 4 is definitely coming - my dad took bullets in vietnam because the gubbment told him free healthcare and dental for life - they lied. When they switched him over to tricare - he had to start paying. Quality of care is very poor compared to what a rich millionaire can buy. left with only one more option: raising taxes. Well I think lots of my redneck buddies are ready to vote in any politicians that promises to tax the richies into oblivion. So I think you can expect that one too. Some of these guys work a lot but down own a house - so they like that henry george school of economists that say to tax the hell out of property owners and land lords. They won't like an income tax. My bum friend in Hawaii just wrote me that they are kicking all the bumbs out of a park there him and his girlfriend were living in. Here is the story - he says the homeless people that are his friends are really upset - that they were all going to be locked up in jail if they didn't move along and quit being bums. hawaiireporter.com And here one of my buds on pkarchice says Artificial Intelligence will be the real enemy of the poor and stupid in the future - not cheap chinese humans. 'Yet the vast body of evidence suggests that technological changes were a much bigger driver in global wage patterns than trade. That is, technology, not trade, was the big story of the twentieth-century economy.' hotboards.com Artificial Intelligence and Globalization Kenneth Rogoff Today’s conventional wisdom is that the rise of India and China will be the single biggest factor driving global jobs and wages over the twenty-first century. High-wage workers in rich countries can expect to see their competitive advantage steadily eroded by competition from capable and fiercely hard-working competitors in Asia, Latin America, and maybe even some day Africa. This is a good story, full of human drama and power politics. But I wonder whether, even within the next few decades, another factor will influence our work lives even more: the exponential rise of applications of artificial intelligence. continues....