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To: THE ANT who wrote (94350)	9/25/2010 6:53:11 PM
From: Keith Feral	Read Replies (2) \| Respond to of 118717

Emerging markets will go through the same pain as developed countries like the US, Europe and Japan some day. Eventually, all of their entitlement programs will strangle economic growth like what's happening in these areas right now. The 7 fold increase in inflation over the past couple decades has created a huge wealth gap between retirees and the current working class. Some of the union problems got straightened out in the private sector last year by force, thanks to the bankruptcy of GM and Chrysler. Hopefully, the pension problems in the public sector will get worked out. Euorpe has made some progress with austerity reforms this year, hopefully the same will happen in states like California sooner rather than later. The private sector in the US is unbelievable efficient, while the public sector is unbelievably inefficient.

To: THE ANT who wrote (94350)	9/26/2010 1:14:33 PM
From: John Vosilla	Respond to of 118717

'The problem is we never deserved to appear to have 10X the wealth of the developing world that we did 6 years ago.Things would be a lot less painful if people realized they were never as wealthy as they thouht and had a free ride for awhile.As they will not see this and our wages will=Brazil wages in the next 5-7 years (Brazil going up more than us down) it will be very painful' Yes it was all a sham I think most know that now and the blame game gets spun for political gain. I think the US will recover sooner than most think if rates remain real low in coming years. We had a huge influx of Brazilians in a few towns like Pompano Bch near me during the bubble. I don't think their work ethic or values were anything special. Most played hard and left a few years ago maxing out their credit cards and HELOC's first. If counties like Brazil can boom I can't ever underestimate the USA coming back with a vengence. There is an incredible lazer focus and commitment to education to capitalism and innovation from a pretty decent percentage of the population here probably unrivaled anywhere in the world. The ironic thing FOX won't mention is I bet a much higher percentage of these people are democrats than republicans...lol