#wax philosophical
2 messages in this thread
I think you're right on target. The way the economy is going, it is only
a matter of time before a cataclysmic failure. Business keeps making
plans on past sales results, while they are cutting the workforce, and
those workers end up with lower paying jobs. Thus not having the
disposable income to by product x, this will cause more lay-offs and the
cycle will continue until it just grinds to a halt. How many Mexican
workers at the big-3 plants down there can afford to by one of the cars
they help put together?
The way it is going with the electronic crackdown, it's only a matter of
time before some father and son get life in prison on child porn charges,
because they exchanged the time honored `naked baby at
play/beach/bathtime/etc' picture of the grandchild. The law makes no
distinction.
Matt Straney, 3 hours late, without your luggage
from Grand Ledge — on AutoPilot ——–>
Matthew,
Interesting observation on how the old economic norms no longer work:
Conventional wisdom among economists is that as the dollar weakens against the
yen, US exports to Japan should rise, and imports decline. Well, the dollar is
weaker than ever — much more so than a decade ago when the economists
knowingly predicted our balance of payments problem would soon ease as Japanese
businesses couldn't further cut margin. More pertinent, Americans now prefer
many Japanese goods at any price. Whoops!