Here are the hourly wages in manufacuring in the 'developing' world.
India: 0,58$
Sri Lanka: 0,61$
Vietnam: 0,71$
Thailand: 1,1$
Filipines; 1,12$
China: 1,38$
Mexico: 2,92$
Russia: 2,93$
Maleisia: 3,54$
Brazil: 5,96$
Taiwan: 6,50$
The only reason the church of booze & hooker gives an average annual return of chlamydia, syphlis and maybe even Hiv and the real church does not is probably because these 'men of god' rape little children who are not infected with STD's 'yet'...
http://www.martinarmstrong.org/files/Staring-into-the-Abyss-7-31-2010.pdf
I love Armstrongs work and the way he writes.
He comes of a tad crazy but in a good way.
If you're european or living in europe there are (gold)stocks down 20% to 40%.
Add to that the currency appreciation of the Euro VS the USD and it makes for quite the loss or opportunity, depending on how you were positioned previous to the drop that is. :D
I once read on ET the suggestion of going
25% gold
25% cash
25% bonds
25% stocks
As the perfect portfolio composure to be hedged on all future outcomes possible.
Worth some thought certainly with possible adjustments to be made depending on personal preference or belief.
Great post... But personally I don't think globalisation is the biggest problem. It's not graved in stone people in the western world should always enjoy the highest standard of living. You can't like a game only because you win every time.
The biggest problem in my view (which has provoked...
Think about that.
Bush starts 2 wars, killing literally hundreds of thousands of people and sending thousands American man to their death and a multitude of that to a life of disability....
Yet... You hate Obama more because of his spending habits.
In the end I think this is a healthy...
Thanks for the info, Misthos.
I I may ask you...
If you had to chose both based on your recent observations in Greece as on your experiencing of the inflationary weakening of US economic strength troughout this decade up untill 2008...
Do you have a preference on moral grounds on what...
I understand.
It's just that many currency pairs have seen 10% to 30% swings these last 2 years which is quite the return for just holding cash if you were positioned in the right one.
Today the opportunity for such return trough currency swings alone seems less present.
Remember...
Japan had a 20% savingsrate when they started their decade long deflationary bear...
It went to 3% today or something of that magnitude.....
The US had a negative savingsrate starting their slump...
They do have a press and big guns ofcourse.
That should help somewhat.
No matter what happens whenever there is the slightest hint of a downturn again the excuse will be they didnt print enough money.
:p
Just print 500 trillion $ bail everyone out, send everyone a fat check and see the economy boom as never before.