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Jim J,
Speaking of free markets, did you happen to catch Milton Friedman on Louis
Ruykeyser? He told how the Bush administration likes to talk free markets
but does the opposite. How about those steel and ag subsidies and tariffs
being implemented by the Bush administration? So much for conservative vs.
liberal.
I propose we go back to the 19th century definition of liberal which means
freedom ala Von Meis and the Austrian school of Economics. I am tired of
socialist wolves disguised as free market sheep. If you look at the current
crop in that light, there are no liberals, only conservative socialists
fighting to make the govt. bigger and rob your rights.
Bring on the Libertarians.
Cheers,
Norman
----- Original Message -----
From: "Jim Johnson" <jejohn@xxxxxxxxxxx>
To: "BobsKC" <bobskc@xxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, September 21, 2002 11:53 PM
Subject: Re[2]: [RT] Service vs Manufacturing economy
> Hello BobsKC,
>
> you can't hold teachers accountable--they're unionized AND they have
> tenure. what's that all about?
>
> about money--PAC money mainly. the largest contributors to Democrats
> are unions, teachers associations and trial lawyers.
>
> the liberal philosophy continues to eat away at our way of life. even
> last night on the WSJ editorial board roundtable--when asked about
> Welsh's retirements perks, not one of those presumably free market
> conservative writers observed that what he got was given to him
> freely. Even they seemed to be tacitly buying into the implication
> that somebody (government I assume) should get involved in this. the
> title of van Hayek's book is chilling--The Road to Serfdom.
>
>
> Best regards,
> Jim Johnson mailto:jejohn@xxxxxxxxxxx
>
> --
> Saturday, September 21, 2002, 10:29:59 PM, you wrote:
>
> B> Unions. I watched the UAW refuse to give back a dime to Cat when
things
> B> got tough in the early 80's even in the face of warnings they would
move
> B> their Iowa plants. Well, they moved them. To France! My company
provided
> B> two way radio and closed circuit tv services to those plants and it was
a
> B> tough loss for us.
>
> B> There was a time for labor unions. That time was 80 years ago. Most
of
> B> the money they pull in goes to organized crime and they have caused
> B> manufacturing to depart wholesale. Besides, I am suspicious of anyone
who
> B> wants to work at a job where they tell you how much you can make.
>
> B> So, greed has driven out the manufacturing jobs. Our education system
has
> B> lowered the bar for the few until the majority are getting a second
rate
> B> education and can not compete in the world market place. Education is
not
> B> the same as corporate earnings. You can't just lower the estimates. I
> B> worry a lot about our youth .. kids coming out of high school today are
> B> less informed that kids coming out of 8th grade 30 years ago. The
damn
> B> bar better get put back up where it belongs and teachers held
accountable
> B> and tested.
>
> B> Bob
>
>
> B> At 05:57 PM 9/21/2002 -0700, you wrote:
> >>Did the US have a choice in its conversion? It was convert or die. The
> >>manufacturing went elsewhere because they could do it just as good and a
lot
> >>cheaper. The only other alternative we had was to become isolationists
again
> >>and ban imports. Our agriculture is going the same way right now.
Garlic
> >>is coming in from China at 1/2 the price it can be produced for in the
US.
> >>The same with oranges, grapefruit and other citrus from Australia and
South
> >>America. Are the grain markets in the same shape? Brazil, Australia,
and
> >>other countries are producing product for less. How long can a subsidy
> >>last? Where is our vaunted fishing fleet. Are there any American flag
> >>vessels left afloat, outside of the Navy and coast guard. Do we produce
> >>shoes or clothing any more? We still have a thriving wine industry.
> >>
> >>I have a question. Who does the service industry service? We have
banks
> >>that lend money to foreign countries that don't repay the loans. We
have
> >>computer companies that import all of the parts they assemble here. So
we
> >>did save those high paying assembly line jobs. The fast food
restaurants
> >>are expanding overseas instead of in the US so those high paying service
> >>jobs at Wendy's and McD aren't going to shrink the unemployment rolls.
The
> >>banks can now lose money in insurance, brokerage and other non banking
> >>endeavors. Even the federal government is sending our armaments for
> >>production overseas.
> >>
> >>Were is the talent coming from to operate the high tech companies? That
> >>talent is coming from oversees. We can't even produce an intelligent
work
> >>force. There is one ever expanding area of the economy. Tattoo parlors
and
> >>body piercing salons are popping up all over. Now there is a real
future
> >>for your kids. Am I missing something here? Ira
> >>
> >>----- Original Message -----
> >>From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> >>To: <realtraders@xxxxxxxxxxxxxxx>
> >>Sent: Saturday, September 21, 2002 4:54 PM
> >>Subject: Re: [RT] Service vs Manufacturing economy
> >>
> >>
> >> > Gary, do you have a URL for that article, sure would like to read the
> >>whole
> >> > thing?
> >> >
> >> > I have long believed that true economic strength is built upon a
strong
> >>and
> >> > resilient manufacturing base. I have also been saying for many years
that
> >> > the US would suffer deeply in the next recession/depression for
having
> >> > converted to a service based economy.
> >> >
> >> > Earl
> >> >
> >> > ----- Original Message -----
> >> > From: "Gary Funck" <gary@xxxxxxxxxxxx>
> >> > To: <realtraders@xxxxxxxxxxxxxxx>
> >> > Sent: Saturday, September 21, 2002 3:23 PM
> >> > Subject: RE: [RT] 10 year note near 40 year highs ?
> >> >
> >> >
> >> > >
> >> > >
> >> > > > -----Original Message-----
> >> > > > From: Daniel Goncharoff [mailto:thegonch@xxxxxxxxxx]
> >> > > > Sent: Saturday, September 21, 2002 9:37 AM
> >> > > > To: realtraders@xxxxxxxxxxxxxxx
> >> > > > Subject: Re: [RT] 10 year note near 40 year highs ?
> >> > > >
> >> > > >
> >> > > > I think there are two sides to this point. Isn't a service-based
> >>economy
> >> > > > more flexible than one based on large factories? It may mean that
> >> > > > changes come more easily, and that new industries can develop
using
> >>the
> >> > > > excess information-based labor from weaker sectors.
> >> > > >
> >> > > > In this respect, telecoms will be a good real-life example. It
will be
> >> > > > interesting to see what happens to all the people getting laid
off by
> >> > > > the telecoms firms that won't be growing for several years. If
they
> >>end
> >> > > > up having no place to go, that would indicate your believe is
> >>validated.
> >> > > > If they find new jobs in a similar field, I think the economic
hit
> >>will
> >> > > > not be very big at all.
> >> > > >
> >> > >
> >> > > In this week's Business Week, there's a rather disturbing article
that
> >> > refutes
> >> > > the theory that a service based economy should be more resilient.
> >>Excerpts
> >> > > below:
> >> > >
> >> > > SEPTEMBER 30, 2002
> >> > >
> >> > > NEWS: ANALYSIS & COMMENTARY
> >> > >
> >> > > The Educated Unemployed
> >> > > The jobless rate for managers and professionals is likely to rise
> >> > >
> >> > > [...]
> >> > > Here's why joblessness is likely to rise: Across the board,
companies
> >>are
> >> > > facing an unholy trio of low profits, weak demand, and falling
> >> > prices--with no
> >> > > relief in sight. Revenues for the companies in the Standard &
Poor's
> >> > 500-stock
> >> > > index are down 2% over the past year, adding to the pressure on
> >>businesses
> >> > to
> >> > > cut costs by cutting workforces. At the same time, productivity is
> >>soaring
> >> > at a
> >> > > rapid clip--a 6% gain over last year at nonfinancial corporations.
> >>That's
> >> > > allowing businesses to meet flat demand with fewer workers.
> >> > >
> >> > > Even more distressing, some of the sectors where the job market has
> >>stayed
> >> > > relatively strong--including health, education, finance, and
retailing,
> >> > which
> >> > > together make up about 40% of the total workforce--are showing
signs of
> >> > > cracking. And the already grim labor picture in the airline,
energy,
> >> > > technology, telecom, and media sectors--some 7% of the
workforce--keeps
> >> > > deteriorating.
> >> > > [...]
> >> > > This is the dark side of the productivity boom. During the second
half
> >>of
> >> > the
> >> > > 1990s, output per worker rose, but soaring demand and revenues,
driven
> >>in
> >> > part
> >> > > by the technology and telecom boom, helped boost hiring and push
down
> >>the
> >> > > unemployment rate below 4%. Wages and bonuses soared, and it seemed
like
> >>a
> >> > > golden age for workers.
> >> > >
> >> > > But rising productivity without rising demand is a recipe for
> >>disappearing
> >> > > jobs. If companies can't raise prices, the only way they can boost
> >>profits
> >> > is
> >> > > to cut workers--and higher productivity makes that possible.
> >> > > [...]
> >> > >
> >> > >
> >> > >
> >> > >
> >> > > To unsubscribe from this group, send an email to:
> >> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >> > >
> >> > >
> >> > >
> >> > > Your use of Yahoo! Groups is subject to
> >>http://docs.yahoo.com/info/terms/
> >> > >
> >> > >
> >> > >
> >> >
> >> >
> >> >
> >> > To unsubscribe from this group, send an email to:
> >> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >> >
> >> >
> >> >
> >> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >> >
> >> >
> >>
> >>
> >>
> >>To unsubscribe from this group, send an email to:
> >>realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >>
> >>
> >>
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>
>
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