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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (447)	8/21/1998 11:05:00 AM
From: Mike McFarland	Read Replies (1) \| Respond to of 3536

Nah, that leaves some countries priced out Not sure that means anything. Something else to throw into the equation is the value of an hour of labor. Does anybody on the thread have some thoughts about that? Obviously an hour of a skilled machinist is worth more than an hour of a peasant farmer. Someday maybe there will be so many skilled machinists in China, and so many skilled programmers in India, well you get where this is going. I believe US debt is something like $20,000 US dollars per US taxpayer...maybe the greenback is overvalued? What is the government debt per citizen in Korea, Japan...Russia? Hope some of the better educated contributors to this thread return...have to go back and surf thru earlier post...and take a trip to the library today too. Recent discussion here and on the Asia thread make it seem like all of these currency devaluations are a sophisticated battle between currency boards, goverments and their currency reserves, global debt investors etc etc. It would be nice to be able to simplify the issues at hand and be able to track down the root of the problem--is the debt the problem? Overcapacity? Traders? eom