[peterb]

There’s all kinds of protectionism going on, and there has been for many, many decades. Unions like the UAW or the AMA are mostly internal to our system whereas industries like auto or consumer electronics need protection from mostly external competition. But make no mistake, it’s all protectionism.

The main problem with competition from outside our borders is that they have very different rules and regulations as well as living stadards,etc… Thus the competitive advantages of using a highly exploited work force are very great over a unionized work force. As well as lack of environmental laws, taxes , etc…
Free trade is really more of a theory than something any country practices.

[peterb]

There’s all kinds of protectionism going on, and there has been for many, many decades. Unions like the UAW or the AMA are mostly internal to our system whereas industries like auto or consumer electronics need protection from mostly external competition. But make no mistake, it’s all protectionism.

The main problem with competition from outside our borders is that they have very different rules and regulations as well as living stadards,etc… Thus the competitive advantages of using a highly exploited work force are very great over a unionized work force. As well as lack of environmental laws, taxes , etc…
Free trade is really more of a theory than something any country practices.

[peterb]

There’s all kinds of protectionism going on, and there has been for many, many decades. Unions like the UAW or the AMA are mostly internal to our system whereas industries like auto or consumer electronics need protection from mostly external competition. But make no mistake, it’s all protectionism.

The main problem with competition from outside our borders is that they have very different rules and regulations as well as living stadards,etc… Thus the competitive advantages of using a highly exploited work force are very great over a unionized work force. As well as lack of environmental laws, taxes , etc…
Free trade is really more of a theory than something any country practices.

[peterb]

There’s all kinds of protectionism going on, and there has been for many, many decades. Unions like the UAW or the AMA are mostly internal to our system whereas industries like auto or consumer electronics need protection from mostly external competition. But make no mistake, it’s all protectionism.

The main problem with competition from outside our borders is that they have very different rules and regulations as well as living stadards,etc… Thus the competitive advantages of using a highly exploited work force are very great over a unionized work force. As well as lack of environmental laws, taxes , etc…
Free trade is really more of a theory than something any country practices.

[peterb]

The Fed takes care of their own. The rest be damned. To see which banks are in the “favored” catagory, just look who got paid off through the AIG pass through for defaults as well as which got the TARP money. All the rest will be allowed to go BK.
Isnt it fitting that the banking index is called the “BKX” or as I like to call it, the “Bankrupt Index”.

[peterb]

The Fed takes care of their own. The rest be damned. To see which banks are in the “favored” catagory, just look who got paid off through the AIG pass through for defaults as well as which got the TARP money. All the rest will be allowed to go BK.
Isnt it fitting that the banking index is called the “BKX” or as I like to call it, the “Bankrupt Index”.

[peterb]

The Fed takes care of their own. The rest be damned. To see which banks are in the “favored” catagory, just look who got paid off through the AIG pass through for defaults as well as which got the TARP money. All the rest will be allowed to go BK.
Isnt it fitting that the banking index is called the “BKX” or as I like to call it, the “Bankrupt Index”.

[peterb]

The Fed takes care of their own. The rest be damned. To see which banks are in the “favored” catagory, just look who got paid off through the AIG pass through for defaults as well as which got the TARP money. All the rest will be allowed to go BK.
Isnt it fitting that the banking index is called the “BKX” or as I like to call it, the “Bankrupt Index”.

[peterb]

The Fed takes care of their own. The rest be damned. To see which banks are in the “favored” catagory, just look who got paid off through the AIG pass through for defaults as well as which got the TARP money. All the rest will be allowed to go BK.
Isnt it fitting that the banking index is called the “BKX” or as I like to call it, the “Bankrupt Index”.

[peterb]

Let’s re enact debtors prison. No, that will cost money to keep people in prison. How about indentured service? Or better yet, socialism. Yup, socialism will win the battle.

[peterb]

Let’s re enact debtors prison. No, that will cost money to keep people in prison. How about indentured service? Or better yet, socialism. Yup, socialism will win the battle.

[peterb]

Let’s re enact debtors prison. No, that will cost money to keep people in prison. How about indentured service? Or better yet, socialism. Yup, socialism will win the battle.

[peterb]

Let’s re enact debtors prison. No, that will cost money to keep people in prison. How about indentured service? Or better yet, socialism. Yup, socialism will win the battle.

[peterb]

Let’s re enact debtors prison. No, that will cost money to keep people in prison. How about indentured service? Or better yet, socialism. Yup, socialism will win the battle.

[peterb]

This is why they call them “depressions”. Watching the slow, methodical decline of something gets rather tiresome. Humans are hopeful, so this is depressing to us.
I still remember,very well, the RE decline from 1990 to 1996. By about 1994, no one wanted to talk about RE at all!! Boring, go nowhere, subject. It looks like we’re headed there about now. Two or three years into a decline and people start to lose interest. It’s very normal.

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