There is no 1 solution. I will give you 1 example...

2008-01-17T10:30:00.000-05:00

There is no 1 solution. I will give you 1 example - who is becoming the leader in alternative energy? Can we clearly say the US? We are just now "talking" about alternative energy (a bit) - outside of ethanol. Meanwhile countries like Japan, Germany have been in the solar area (thinking ahead) for half a decade. Countries like China are building the solar companies of the future. Who will be deriving profits from this future shift. Meanwhile we subsidize corporate farmers with our "government push". (I believe I read 90% of the money for ethanol is going top 10% of farmers, by size). This is 1 example. We are just behind the ball in so many areas and amazingly the govt policies enacted (by both parties) are pushing us farther down the wrong road and in fact exaggerating some of the issues (ethanol is the big boondoggle but we have many). Our entire infrastructure is another - it all needs to be rebuild - highways 40-60 years old. But we are broke as a country (debtor nation). A lot of jobs could be created that way.

Outside of "financial innovation", entertainment, coal, software, some parts of the technology food chain, some parts of automotive and some agricultural product - I am unclear what we "produce" for export anymore. If you don't export, you don't bring in money from outside the country. You simply keep shuffling the same money amongst ourselves - and if you overspend (as we do) you have to constantly go ask for money from others. I just don't see any of these trends continuing.

As for global wage equalization - some things there are no "fighting" - we just have to actually "realize" it and fund things such as worker retraining - people are going to school for the wrong things and then coming out to the work force ill prepared (which I could start a whole rant out - our terrible public education system). But we are still in denial stage - i.e. aggregrate GDP is booming is what we are told. Good enough. I wonder why the middle class feel so much angst and I'd submit "anger". They believe they are working harder and falling behind. Watch over the next 2-3 years - their voices will be heard by then in my opinion as it reaches "critical mass".

This is a very interesting report, and very concer...

2008-01-16T19:21:00.000-05:00

This is a very interesting report, and very concerning as well. The question becomes... What's the solution?

Comments on Fund My Mutual Fund: Interesting Human Economic Toll Piece in NY Times

There is no 1 solution. I will give you 1 example...

This is a very interesting report, and very concer...