Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (286301)	5/1/2006 1:53:41 PM
From: combjelly	Read Replies (1) \| Respond to of 1586385

"The Bust? Do you mean Black Monday? The Great Depression? The oil shocks of the 1970's? " None of those. When oil prices collapsed in the early 1980s. It hit Texas and Louisiana pretty hard. It led to the collapse of real estate and the banks in the area. The government finally stepped in and sold most of the banks and savings and loans to out of state entities or merged several until they were viable. It also led to a reaj estate crisis. Ever see someone buy a 10 year old house on a credit card? "I said the affect of wage pressure on overpaid Americans due to lower paid non-Americans competing with them is good" By global standards every American is overpaid. Because there are a lot more underpaid foreigners than overpaid Americans, then you are saying that wages should drop closer to global standards. And that would put wages down pretty close to the $10k I mentioned earlier. There just isn't any justification for pegging global wages closer to American standards.