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originally posted by: MystikMushroom
a reply to: ketsuko
So basically we all should be paid nothing...then how can we afford anything?
If none of us make enough money to buy anything, won't they have to lower prices?
I have not seen that despite wages being stagnant and inflation rising the past few decades...People really are just buying less, and the companies are getting by selling less by lowering their operating costs.
originally posted by: burdman30ott6
originally posted by: MystikMushroom
a reply to: ketsuko
So basically we all should be paid nothing...then how can we afford anything?
If none of us make enough money to buy anything, won't they have to lower prices?
I have not seen that despite wages being stagnant and inflation rising the past few decades...People really are just buying less, and the companies are getting by selling less by lowering their operating costs.
I thought you opposed absolutist statements?
What Ketsuko is saying is truth. It is impossible to have free trade plus robust (and artificially high) wages plus all the various regulations and restrictions America has and still be viable. Pick one or two and maybe it works, all three? It just doesn't work... as we're seeing with all of America's manufacturing jobs going to greener pastures.
originally posted by: smirkley
We are by definition in full correction mode. But my sentiments are that it wouldnt have happened if it were not for the influence of the still heavily manipulated chinese markets.
China has a few trillion stashed in reserves to prop their markets. And I bet it pains them to use it. The circuit breakers caused instability that flashed everywhere. They pulled them twice, and then put a lock on the switch. This suggests to me the lesson learned is dont go all free floating all at once. It will take years to correct what they did for years.
My takeaway is this. China will stabilize their markets, as well as the worlds markets via revisiting segments of their old school controls untill which time more can be done with less negative market reactions.
A little here and there instead of all at once.
originally posted by: smirkley
a reply to: anonentity
Full correction by definition is a 10 percent drop from highs. That is where we are at. A crash needs 20% or more. Not yet. Hang in there. Your dream may come true.
originally posted by: smirkley
a reply to: anonentity
I honestly don't believe there is any one utopian system.
originally posted by: smirkley
a reply to: Vector99
The numbers I posted only include in-country production. And I dont recall China "moving in to mine it". I dont believe that to be the case.