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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

Ping!


2 posted on 03/05/2009 1:47:12 AM PST by TigerLikesRooster (from "Irrational Exuberance" to "Mark to Zero": from '96 to '09)
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To: TigerLikesRooster
I think the politicos and many more in financials around the globe need to realize that the middle class consumer here and and there is not going to spend spend spend....the consumer, regardless of middle or upper have maxed their plastic.

Until the US begins in earnest to restore its manufacturing base for everyday goods, the foundation for a positive solid economic turnaround is non-existent.

Also, the hedge fund derivative CDO CMO CDS 30:1 leveraging schemes is still in place with 0 changes that allowed the unmitigated global credit - skim bubble.

What is not being revealed is that a $2000/mo minimum standard of living in the US where rice is $2/lb cannot compete in an open with Chinese labor @ $200/mo minimum SOL where rice is $0.20 / lb.

3 posted on 03/05/2009 1:59:14 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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