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

To: mishedlo who wrote (111692)	5/17/2010 2:18:13 PM
From: NOW	9 Recommendations Read Replies (1) \| Respond to of 116555

didnt see banks on your list.

To: mishedlo who wrote (111692)	5/17/2010 2:44:48 PM
From: Lazarus	11 Recommendations Read Replies (3) \| Respond to of 116555

I used to work a REAL job in construction... I worked union and non-union I'll take union work over non-union ANYDAY. Union shops have to bid the work so as to pay their employees a living wage. Here in Calif they compete against non-union shops that employ illegal immigrants and others who are here legally (like Hmongs). The mentality of the non-union employer is: HOW MUCH CAN WE CHARGE AND BEAT THE UNION GUYS --- then who can we get to do the labor the cheapest. Its pathetic. As a licensed general contractor - if I WAS doing business and could swing it - I would prefer to be a UNION shop. Non-union work is the equivalent of OUTSOURCING. The difference being the work isnt sent to another country -- just the dirt poor living in the USA.

To: mishedlo who wrote (111692)	5/17/2010 2:48:42 PM
From: Steve Lokness	6 Recommendations Read Replies (2) \| Respond to of 116555

Mish; You guys cannot tell the symptom from the disease. It's pathetic. So what is the problem, the disease? And can people respect each others opinion if we disagree on what the "disease" is? To me the problem is a loss of economic morality. That people and businesses and politicians no longer have a moral compass to guide them. They have been reprogrammed to do things because they can get away with it. You had an excellent comment about this some time ago addressing morality and fiduciary responsibility. It is this loss of a moral compass or lack of understanding the basic idea of a fiduciary responsibility that gave us the likes of Enron, and Madoff and GS shenanigans. You can peck at the edges of this by attacking unions - but by doing that the working man pays the price while the real evil of misallocation of money in an economy continues. steve

To: mishedlo who wrote (111692)	5/17/2010 4:22:00 PM
From: Hawkmoon	3 Recommendations Respond to of 116555

You guys cannot tell the symptom from the disease. It's pathetic. All diseases have multiple symptoms. And some diseases spawn even more illnesses. My father had cancer, but he died of acute pneumonia and renal failure. Are you suggesting that they should never have treated him for these coincidental illnesses until they cured his cancer? Same analogy applies to the financial system. Loose money is definitely a problem when it's not being productively engaged into the economy. But it's those very highly paid financial managers/advisors/bankers who are promoting that loose money policy by holding the patient at gunpoint and threatening to take us all to hell unless they get "treated" first. Remember.. many of the big money managers have no loyalty to the US and certainly not to the American taxpayer. Btw, I noted the Credit Defaults Swap issue still seems to evade your comment. Why is that. Do you consider CDS to be part of the "free market" because they are unregulated and opaque? Hawk