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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 (71801)	10/12/2006 6:02:27 PM
From: Ice Cube	Respond to of 110194

Agreed The hard thing the figure out concerning this subject is the cost of many things that have been going down in real terms (think technology and the change Wal Mart etc have brought to us) and on the other side the upward push on prices on many other things including medical. Many people have written on this issue. The 2 people I like to listen to right now are Larry Kudlow and Lou Dobbs. Certainly a difference of opinion, but good stuff...... I spend a lot of my time in Asia and have witnessed first hand the 'disruption' that has taken place. We used to have numerous factory's located in VERY rural areas and played the wage game. We used to pay around $180 per month wage, then we moved closer to a border area and workers would cross the border every day to work at our factory. The wage for the border factory was around $80 per month. But we were getting out priced by other factory's in another nearby country which was paying around $20 per month. As much as we feel the 'outsourcing' pinch here, it is taking place in areas we have never dreamed of, let alone could find on a map.