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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Vendit™ who wrote (44314)1/22/2013 7:38:53 AM
From: GROUND ZERO™3 Recommendations  Read Replies (1) | Respond to of 218831
 
Thanks for that remarkable summation... I get two things from that article...

1) A currency war accomplishes absolutely nothing because one side balances out the other, and

2) Politicians in every country are as stupid as the ones we have here at home...

GZ



To: Vendit™ who wrote (44314)1/22/2013 9:31:58 AM
From: robert b furman2 Recommendations  Read Replies (1) | Respond to of 218831
 
Hi Vendit,

I agree with your analysis.

A quwstion: Assuming that unions didn't impact labor rates,would not an attractive labor rate have a more horrific impact on the middle class workers quality of life.If labor rates had to be attractive vs say China attractive would be less than China after you lump on all of the environmental costs associated with developed countries.

Does not this make a currency war the least destructive adjustment?

It may not be good - but it may be the best alternative???

Bob

Bob