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To: Dubya-M-DeesWent2SyriaStupid!

Let’s see now...companies can hire someone in a foreign land and pay around $2 per day. Or they can hire someone in the U.S. and pay around $8 per hour or more. What are they going to do?

Many people speak of inflation - but right now, there are many workers, both within the U.S. and around the world, seeking each job. That means deflation. It will get worse.

We are, presently, in a balance sheet recession - which is very different from a typical business-cycle recession. It is, at best, only half-way finished. We are likely to see another recession in late 2011, early 2012. Unemployment will go up. (To understand this new type of recession, see the text “This time is different” by Rogoff).

By the way - GDP = G + I + C + Net Exports, with G standing for government spending, I for investment, and C for consumption. If spending gets cut, we will get a recession. Of course, if we don’t cut spending, the outcome will be even worse...


7 posted on 05/18/2011 8:46:14 PM PDT by neutrino (Globalization is the economic treason that dare not speak its name.(173))
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To: neutrino

I looked at my folding patio chair label it is MADE IN CHINA everything is MADE IN CHINA.


10 posted on 05/18/2011 8:52:09 PM PDT by Dubya-M-DeesWent2SyriaStupid! (Allen West 2012 Make it happen!)
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To: neutrino
Let’s see now...companies can hire someone in a foreign land and pay around $2 per day. Or they can hire someone in the U.S. and pay around $8 per hour or more. What are they going to do?

And now the government is telling companies where they can and cannot relocate to. Why the hell would any company want to stay here in the US with the kind of central planning that would have made the Soviets envious?

17 posted on 05/18/2011 9:47:41 PM PDT by dfwgator
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