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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: zebra4o1 who wrote (26468)	1/24/2010 3:20:48 PM
From: gregor_us	Read Replies (1) \| Respond to of 71475

I read a recent issue of Grant's and as always the writing was beautiful but I found the ideas to be completely off the wall. His notion that the size of the recovery will be in proportion to the size of the collapse was hopelessly trapped in a post-war paradigm. Worse, his idea that we could actually experience labor shortages at some point in the future struck me as loony. Then again, I favor a crushing and relentless hit to OECD salaries in the years ahead as we face up to the fact that there's no reason to pay an engineer in Chicago 5 and 10 times the rate of one in Delhi. But that's just one example. I suppose on some level Grant at this point in his career can only be criticized on an issue specific point, and that's what I'm doing here. I have no doubt his data gathering and research is very close to actual facts on the ground. G