Saturday, December 13, 2008

Alright, your post is lazy.....I meant, but you could have guessed, leverage has helped EASE the move for quite a fair amount ..... You can complain as much as you want about the crisis but how many jobs buildings homes, in banks selling and managing mortgages, selling and managing derivatives and mortgage back securities, how many years of profit, how many years of gdp growth before the crisis when in the mean time there was an unprecedented shift of jobs and industries from "the west " to other economies?
An unprecedented shift of jobs and industries, what for?
They can make goods such as toys, computers, tvs, mp3 players that they sell or they can make weapons they can use... the first part of the statement has been thought to be preferable. Free Trade for Peace.
But what now that we're broke, whose gonna buy MP3 players? What do we have to sell to our recently rich neighbours to keep buying them new MP3 players?

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