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dsrtwriter » Comments » CEF

  • Portfolio Performance: Positive. Market Outlook: Hazy [View article]
    Davy's analysis is well considered. Regarding the bounce back after the 70s and 80s, I don't think it is analagous to today, where we have massively outsourced our manufacturing to a dangerous point in the name of the religion of "free trade and efficient allocation of resources".

    The "consumer" always wins with free trade and low prices, until the "consumer" loses his job when his plant closes. Of course if we are all government employees, professors with tenure, or lawyers, we love low prices from overseas because we do not produce goods.

    Truly a house of cards,endorsed my most economists (except myself).
    Apr 06 16:18 pm |Rating: 0 0 |Link to Comment
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