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

To: axial who wrote (108438)	2/18/2010 7:52:39 AM
From: Lee	3 Recommendations Read Replies (2) \| Respond to of 116555

TRIG, Mish is not calling out all unions. His focus is on public unions. As I said before, in the private sector there is a self-limiting issue called profits for the company. In the public sector, the only thing that causes management to negotiate hard is public outcry. The public, the voters, are the self-limiting factor. Without public outcry the politicians either raise taxes or increase public debt. As evidence consider the benefits in the public sector. Pensions and early retirement used to exist in the private sector. That was 40 years ago for most public companies. The private sector has not experienced this change in retirement benefits. The market caused the public sector change. In the public sector its people like Mish who help cause change. Don't get me wrong, I would rather have the ability to retire with a nice pension in my fifties. That world no longer exists unless you live on taxes paid by the public sector. Lee

To: axial who wrote (108438)	2/18/2010 10:26:45 AM
From: 3bar	Read Replies (2) \| Respond to of 116555

Trig : Have you ever looked at a price chart for Inco ? Every year the stock had a high near dividend time in July to a low in Dec - Jan . If an employee started with 10 thous $ in 1980 in 10 years he would have been able to retire by just playing the price swings . The unions would go on strike for 3 months for .30 an hour . It is still the same today . When force and might rule merchant bankers and Doctors will get pushed off the side walk . Who's fault is this ? jack