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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: suanny who wrote (108428)	2/17/2010 10:32:32 PM
From: Hawkmoon	1 Recommendation Read Replies (1) \| Respond to of 116555

Henry Ford realized to sell cars to his employees,he needed to pay them enough to afford them. That's something that often comes to mind when I'm reading these posts related to Unions.. Hawk

To: suanny who wrote (108428)	2/17/2010 11:05:14 PM
From: Cogito Ergo Sum	Respond to of 116555

Unions have their place and have done a lot of good however it seems to me that the folks running the system should be held accountable for their shortcomings and not rewarded .. I'm speaking specifically of public sector employees in Canada.. Maybe US government employees are highly efficient and worth their salt .. I can only speak from my experience in dealing with public service in Ontario, both as a client and especially as a software consultant/developer. Money to burn... ours.. EDIT: I posted when I went cash before the 2008 crash.. I hate to think what would have happened to my family and myself.. if I didn't.. Would I get a bailout ?

To: suanny who wrote (108428)	2/18/2010 9:36:08 AM
From: elmatador	2 Recommendations Respond to of 116555

China being persuaded to do a Ford: Rather than adjusting the currency upward to make Chinese goods more expensive abroad, authorities should just allow rising wages and other costs to make Chinese goods more expensive, they say. ... And heterodox ideas about inflation are getting a broader hearing these days, as the financial crisis pushes many thinkers to re-examine conventional practices. Olivier Blanchard, chief economist of the International Monetary Fund, now thinks that even developed economies probably can tolerate a higher level of inflation they have in the past – with central banks perhaps targeting 4% a year instead of 2%. blogs.wsj.com Wage increases are a better option because they largely benefit Chinese workers,” Tao Dong, a Credit Suisse economist in Hong Kong who has covered the Chinese and Asian economies for more than 15 years, said in an interview yesterday. “Currency appreciation will only result in Chinese exporters losing out to competitors in countries such as Malaysia and Mexico.” Message 26328769