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To: Alex who wrote (10369)	4/22/1998 4:40:00 AM
From: Alex	Respond to of 116762

What Buffett really said.................. bloomberg.com

To: Alex who wrote (10369)	4/22/1998 6:57:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116762

Here goes(I am overtired so may have missed the point).. there is a global labor market out there that global market has to continue to put pressure on labor's bargaining..there are more and more mergers going on now...they will result in more axing US is basically a service economy now..it is really vulnerable to more axing..there is high unemployment in Europe..there is so very much cheap labor in Asia..especially now after the meltdown.. I don't see where there can be bargaining except in highly skilled jobs..and in the vote The low unemployment numbers..I wish I could find the statistics as to how many of these new jobs are minimal wage or people without benefits..(one of my friends is working full time with no benefits.. her company is getting rid of more employees and replacing them with people who will not get any benefits..) here goes the internet..somebody yesterday said that now you can even get prescription drugs on the internet..this one is funny.. I said oh where..he said you wouldn't be interested..it is for male impotence.. anyways...my friend added that there will be nothing to prevent people from even using lawyers from off the net for wills and trusts etc.. ie that internet company I mentioned yesterday..that company is going to kill 10s of thousands of jobs at first and then probably a lot more...companies will be able to find the best prices for buying goods for their business..that kind of competition..(what transparency which will also kill business people from getting kickbacks from buying from certain salesmen) but..the governments can't print commodities..although I think they account for only a little of cost of goods..don't think there will be another oil shock..technology has gotten so great..exploration and discovery has gotten much cheaper as a result.. I think its confidence in the financial sector that has to be shattered..what will shatter that confidence..that shattering is what should cause the gigantic spike in gold most of us are expecting