Posted on 03/20/2005 8:11:01 AM PST by A. Pole
Slaving (both the trade and employment aspects) deserves the death penalty.
RE: If you look at a 50 year graph of home equity, you see that Americans had a considerable amount of it until about 1996, when the graph line on removal of equity from homes heads up like a NASA launch.
I get no fewer than 15 direct mailers touting 40 year refis in junk mail every week. Of course my skimpy little mortgage will be paid in about 10 years, so of course I tear them up. I don't know whether I should laugh at the idiots who go for these refis, or cry about what's gonna happen when the SHTF!
RE: There has to be a change in the very corporate culture of US companies,
Not exactly, the corporations are actually victims themselves. The real issue is the investment community. Most of them do not understand the value propositions of the companies they invest in, and do not comprehend the fundamentals. Truth be known, the opening up of stock trading to the masses may not have been such a great thing, in retrospect. Maybe it really ought to be open only to those who can invest large sums.
There are quite a few folks out there that think its ok to do business with slave states I guess. It is one way to lower costs, but if the economic model based on slavery keeps making money for some, you will see slavery spread worldwide.
Grima Wormtongue was a freetrader and a traitor!
RE: The problem with america right now is the hyper-consumerism that we all take part in.
Interestingly, I don't really take part in it. I am a cash / virtual cash guy, the only debt is a small home mortgage. Perhaps related, I am also considered "wealthy" by the government. Is part of the key to my wealth, the fact that I have never really fallen for the lure of consumer advertizing, and have never carried credit card debt? Are people who never gain wealth, those who never gain control of their own cash flow and never learn to live within their means? Oh man, now I'm sounding like "Rich Dad Poor Dad" here, but there is much truth in that book.
I dont think I agree with this article at all...
the Chicken Little type screaming about the economy is quite a wonder on here sometimes....
It's what Che Guevara dreamed of.
Intel moved my former roommate's entire department to Russia. Another friend of mine worked for Sybis in Cali. Sybis gutted it's entire IT department (everything) and moved it to India. Oracle has done similiarly but on a smaller scale. IBM, Nortel, etc. The only thing that ever came back was one call center from Dell.
Not true, I saw Made in America wrapping paper in Walmart.
Is that for all those English as a second language cash drains in our schools for the illegal mexicans?
Another thought, with the aging of the workforce and lack of young people to keep up with the elderly.
Robotics, robotics programming.
The current Japanese unemployment rate is 4.7%.
However, I would caution against using that as a long-term indicator; like the U.S. number, it is more indicative of the short-term hiring situation rather than useful for long-term numbers. Both the U.S. government and the Japanese government have very long explanations about how they calculate these numbers.
I personally prefer participation rates; I like both the normal definition, and as well I like to use the overall population in light of the demographic situation we are seeing develop.
What do you think of my idea that Japan's planning hasn't worked out so well over the last 15 years?
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