Market Sense and Sentiment

[bbgold]

Not true

There will Always be cheaper labor overseas or south of the border.
The devalued $ might make some American products cheaper for people overseas but has that ever really been a problem? The problem has always been overseas products being produced cheaper and sold cheaper in the US. The result was US manufacturers moved their production out of the US to take advantage of the same. The only jobs that might come back to the US are growth from Government jobs from Government spending. Now if we want to follow the example of the continued bailouts then eventually the US will be a socialist state where every big business is Govt owned and operated. I remember reading somewhere Obama made a comment about Cuba having a good economy? There is no way we will be able to keep up with Chinese production where their motto has always been more for less. Now that is becoming the mantra for the US$, paying more for less. I certainly have not seen any wages going up to match the inflation in living costs? Have you?