Replies to post #77229 on Intel Corp (INTC)

[Professor MD]

Dear Mmoy. Re: We have grown our population and economy for a certain level of demand and it isn't there. Other countries want to supply any demand that still remains and they want their residents to take demand-related jobs from us.

The “other countries” (take China as an example) are taking jobs from us because their low standard of living. Their population is demanding a better standard of living that represents an enormous increase in potential “demand”. (Even the USSR was forced to buy grain from us to feed its citizens.) The “demand” will soon come back. At the end our high “productivity” can make us competitive again.

[Tenchu]

Michael, > We might go there anyways but no politician is going to not give a try to reduce the pain.

Nothing wrong with reducing the pain, but the feds are out of ammo with regard to reinflating bubbles.

ProfMD is right on target here. Working off the excesses does not necessarily mean going through a worldwide depression. Instead, it means purging that which needs to be purged and allowing the successful companies to survive and expand.

Government policy can be the guiding hand here, but too many politicians are desperate to prop up that which really shouldn't be propped up, all to get themselves re-elected and their tax base jump-started.

Tenchu