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

To: Hawkmoon who wrote (108569)	2/19/2010 11:55:55 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 116555

I don't think most folks will though.. just the same way folks overextended themselves financially.. US needs a big shakeup.. I don't have any easy answers but a closed system is not the answer.. The whole living wage thing will drive up costs and reduce selection in that scenario.. Almost like a form of income sharing.. I do think standard of living in US needs to drop.. but that will be the price of having more folks closer to the median.. less gap between rich and poor.. TBS