[the gillman@blacklagoon.com]

It destroys our sovereignity by placing important decisions in the hands of unelected international committees and will open the floodgates to anyone who wants to storm across our borders.

It will lower American wages to the level of the Guatemalans, but will do little if anything for them. Unfortunately, American workers will still be living in a high priced world with their third world incomes. That is until the housing market collapses.

You won't see it for three to five years or more,but by then it will be too late.

[Eagles Talon IV]

"It destroys our sovereignity by placing important decisions in the hands of unelected international committees and will open the floodgates to anyone who wants to storm across our borders.

Ok, where is this agreement and how can I read it in it's entirety?

It will lower American wages to the level of the Guatemalans, but will do little if anything for them. Unfortunately, American workers will still be living in a high priced world with their third world incomes. That is until the housing market collapses.

So, in other words the laws of supply and demand re workers and wages will be repealed? People will work for sub living wages because...because..why? And. oh yes that darn "bubble" It must be so because so many "experts" say it is. Problem is that I have seen as many "experts" say that there is no nationwide bubble. I can attest to that anecdotally because I just spent time in NC and purchased a new home down there for 1/3 of what it would have cost me in the New England area (MA). Taxes are a fraction of here and most everything else is cheaper as well. Looking back 3 years in that area shows increases in housing costs to also be a fraction of what it has been on the coasts and in Fla., where in fact there has been outrageous escalation of home prices. However 5 States do not a bubble make and there is at least as good a chance for demand and prices to slow as there is for a collapse. Why you here so much about the "bubble" is simple to explain. Bad news sells and good news or no news does not. I have lots of investing experience and have for many years followed the markets closely. I have learned over this time that when it comes to being a "pundit", anyone can do it an have their own predictions be as successful as those we see today prognosticating. These guys guess to a greater extent then you will ever believe.

[Mad Dawgg]

"You won't see it for three to five years or more,but by then it will be too late."

NAFTA is ten years old and we are still waiting for that giant sucking sound you all been talking about.