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

To: mishedlo who wrote (66432)	7/19/2006 10:02:08 PM
From: shades	Read Replies (1) \| Respond to of 110194

So I guess I am saying on one hand things are the same and on the other things are different but we simply are not going to stay in stagflation forever (if that is what we are in). It will break and given outsourcing and wages and real estate busting, there is only one direction it can break in. down as in deflation When we were in stagflation last time and the workers got wage increases - where did their extra money go that made stock prices go up? Will the indian/chinese people getting wage increases today also not send thier money in the same directions? Mogambo said money went into oil, artwork, comic books, collector coins, gold, real estate, porcelin, collectible furniture (like that crooked congressman who just had his collectible furniture auctioned off) - various other things. I saw china buying IBM - why invest the money into large megacorps - why not just build thier own IBM? I hear people that have travelled to china/india saying the elites are getting nice cars, houses, new washing machines, etc etc - what is different this time with wage inflation other than the localized area of where the wages are inflating in this globalized world? I saw a special on china on PBS that I posted about here - 2 guys working in the train station - one of them was married to this princess shopping machine - she had hubby buy her a nice fancy apartment with the latest bedding from linen n things or whatever the asian equivalent is - princess is the same the globe over - muslim, christian, asian, american - SHOPPING MACHINE! Chinese hubby looked like he was about to lose his marriage cause he couldn't give her everything her heart desired - yet everyone wants to live like the queen.