The End of Consumer Credit as we know it

[eyePod]

jimmyle you are right.

[TheBreeze]

Outsourcing is becoming less and less attractive. Whereas a few years ago you could get a foreign worker at about 1/4 what it would cost to hire an American worker, today most foreigners cost about 2/3 as much as an American worker. The threat of outsourcing is way overrated.

[TheBreeze]

Outsourcing is becoming less and less attractive. Whereas a few years ago you could get a foreign worker at about 1/4 what it would cost to hire an American worker, today most foreigners cost about 2/3 as much as an American worker. The threat of outsourcing is way overrated.

[TheBreeze]

Outsourcing is becoming less and less attractive. Whereas a few years ago you could get a foreign worker at about 1/4 what it would cost to hire an American worker, today most foreigners cost about 2/3 as much as an American worker. The threat of outsourcing is way overrated.

[TheBreeze]

Outsourcing is becoming less and less attractive. Whereas a few years ago you could get a foreign worker at about 1/4 what it would cost to hire an American worker, today most foreigners cost about 2/3 as much as an American worker. The threat of outsourcing is way overrated.

[TheBreeze]

Outsourcing is becoming less and less attractive. Whereas a few years ago you could get a foreign worker at about 1/4 what it would cost to hire an American worker, today most foreigners cost about 2/3 as much as an American worker. The threat of outsourcing is way overrated.

[DCRogers]

Submitted by svelte on November 30, 2007 – 1:50pm: Oh, it isn’t just consumers. It appears to me they’ve learned it from the executive and legislative branches of their government- look at how the federal debt took off around 1980 and has barely looked back.

Hmmm, something must have happened in 1980… trying to remember… all I can remember is tax cuts… those were nice!

(Should’ve impeached that Clinton guy, though, he was really making a mess of things…)

[DCRogers]

Submitted by svelte on November 30, 2007 – 1:50pm: Oh, it isn’t just consumers. It appears to me they’ve learned it from the executive and legislative branches of their government- look at how the federal debt took off around 1980 and has barely looked back.

Hmmm, something must have happened in 1980… trying to remember… all I can remember is tax cuts… those were nice!

(Should’ve impeached that Clinton guy, though, he was really making a mess of things…)

[DCRogers]

Submitted by svelte on November 30, 2007 – 1:50pm: Oh, it isn’t just consumers. It appears to me they’ve learned it from the executive and legislative branches of their government- look at how the federal debt took off around 1980 and has barely looked back.

Hmmm, something must have happened in 1980… trying to remember… all I can remember is tax cuts… those were nice!

(Should’ve impeached that Clinton guy, though, he was really making a mess of things…)

[DCRogers]

Submitted by svelte on November 30, 2007 – 1:50pm: Oh, it isn’t just consumers. It appears to me they’ve learned it from the executive and legislative branches of their government- look at how the federal debt took off around 1980 and has barely looked back.

Hmmm, something must have happened in 1980… trying to remember… all I can remember is tax cuts… those were nice!

(Should’ve impeached that Clinton guy, though, he was really making a mess of things…)

[DCRogers]

Submitted by svelte on November 30, 2007 – 1:50pm: Oh, it isn’t just consumers. It appears to me they’ve learned it from the executive and legislative branches of their government- look at how the federal debt took off around 1980 and has barely looked back.

Hmmm, something must have happened in 1980… trying to remember… all I can remember is tax cuts… those were nice!

(Should’ve impeached that Clinton guy, though, he was really making a mess of things…)

[stansd]

I part company with Schiff on the value of the dollar. I’m a believer in PPP over the long term. The dollar certainly could continue to slide against the Euro short term, but long term it’s reasonably valued even now. We may have further to go versus the yen, the yuan and other currencies fighting the losing battle of a peg.

So, I think WW wages will equilibrate through american stagnation and through a rising tide throughout the developing world.

Stan

[stansd]

I part company with Schiff on the value of the dollar. I’m a believer in PPP over the long term. The dollar certainly could continue to slide against the Euro short term, but long term it’s reasonably valued even now. We may have further to go versus the yen, the yuan and other currencies fighting the losing battle of a peg.

So, I think WW wages will equilibrate through american stagnation and through a rising tide throughout the developing world.

Stan

[stansd]

I part company with Schiff on the value of the dollar. I’m a believer in PPP over the long term. The dollar certainly could continue to slide against the Euro short term, but long term it’s reasonably valued even now. We may have further to go versus the yen, the yuan and other currencies fighting the losing battle of a peg.

So, I think WW wages will equilibrate through american stagnation and through a rising tide throughout the developing world.

Stan

[stansd]

I part company with Schiff on the value of the dollar. I’m a believer in PPP over the long term. The dollar certainly could continue to slide against the Euro short term, but long term it’s reasonably valued even now. We may have further to go versus the yen, the yuan and other currencies fighting the losing battle of a peg.

So, I think WW wages will equilibrate through american stagnation and through a rising tide throughout the developing world.

Stan

[Author]

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