Zeev's Turnips Patch-No Politics (ZEEV)

[porter]

Federal Reserve----

<So you are counting on a communist country to continue to provide support?>

I should have put the word "gift" in my original message in quotation marks. China is a REAL threat to our price structure. Their labor costs for maufacturing are crippling our ability to compete.

<My guess is this, very soon you will see an exodus of tech people leave the US to work in India>

You live like a king abroad only when you are retired and have a pension that you receive from back home. You're not going to live well on their wages.

<US CEO's are cutting off their balls to spite their ass....>

We agree. Multinationals are countries unto themselves. The ITT Corporation of the '70s under Geneen became the model to emulate.