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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 (105180)	9/17/2009 1:25:46 PM
From: ggersh	Respond to of 110194

Well said!

To: GST who wrote (105180)	9/17/2009 3:39:38 PM
From: SuperChief	Read Replies (3) \| Respond to of 110194

And in time the global economy will come under fire -- as if the educated person in China or India is responsible for the poverty and crime and decay of America This strikes me as pure CRAP! My reason: China IS responsible for - No Jobs = Poverty = No Tax Base = Crime and Decay. Looks like no matter how hard you work it's not hard enough UNLESS one is willing to take a BIG pay cut. So big a cut you couldn't afford gas to drive to work. Now the ____ (insert curse word of choice) Chinese are dumping their tires and who knows what else on us BELOW COST. Below cut from the Washington Post. In meetings, managers urged employees to run production lines faster and more efficiently to help the company keep up. Overseas laborers were toiling for as little as 20 cents an hour, they were told, and working harder. Even more ominously, while browsing the aisles of Kmart and Wal-Mart, Cooper employees could see that, sure enough, the Chinese tires were cheapest. "They would have these meetings and say we're up against the Chinese," said Larry Burkes, 29, who worked at the plant, which rises on the city's outskirts just beyond a mobile-home park. "We'd hear it all the time: 'They work for less.' There was pressure." Now the plant that employed 2,100 people in this small south Georgia city is being shut down, and the troubles afflicting the U.S. tire industry are at the core of what many consider to be one of President Obama's first major decisions on trade policy.

To: GST who wrote (105180)	9/17/2009 4:44:38 PM
From: TH	1 Recommendation Read Replies (3) \| Respond to of 110194

GST, That was well said, and quite depressing too. We share a very similar perspective on this. Recently a good and old friend challenged me on why I was so concerned with short-term movements and drivers of the stock market. This friend is a fairly skilled investor, but never a trader. He follows some variation of the Peter Lynch school and with fairly impressive success. My answer to him was that we have become the people of the lie, and if I didn't try to figure out what the lie was this week, I was sure to lose. My friend disagreed, but good friends will do that. One last optimistic note. If everything you have prognosticated come to pass, there is the other side to consider. And that side is that it must burn before we can rebuild it. I believe that is what will happen, and maybe in just 1 generation. Americans, for all their faults, are adaptable as hell. GT TH