Holy Shit, Wall Street takes a dump on itself

[Barrister]

Apparently the US unemployment rate is 9.1%. Poland's (according to Eurostat) is 9.4%. Never thought I'd live to a day when the US and Poland would have such similar unemployment rates. 

Though it happened a couple years ago, nobody in Canada ever thought our dollar would be worth more than the US Dollar.

[The Brain]

I took an explosi-dump some days ago. I hate it when you have to clean the upper part of the bowl.

Taco night?

No. Don't remember.

[HVC]

Apparently the US unemployment rate is 9.1%. Poland's (according to Eurostat) is 9.4%. Never thought I'd live to a day when the US and Poland would have such similar unemployment rates. 

Though it happened a couple years ago, nobody in Canada ever thought our dollar would be worth more than the US Dollar.

Yay collapse of manufacturing jobs

[Barrister]

Apparently the US unemployment rate is 9.1%. Poland's (according to Eurostat) is 9.4%. Never thought I'd live to a day when the US and Poland would have such similar unemployment rates. 

Though it happened a couple years ago, nobody in Canada ever thought our dollar would be worth more than the US Dollar.

Yay collapse of manufacturing jobs

Yay increased global demand for raw materials!

[HVC]

Apparently the US unemployment rate is 9.1%. Poland's (according to Eurostat) is 9.4%. Never thought I'd live to a day when the US and Poland would have such similar unemployment rates. 

Though it happened a couple years ago, nobody in Canada ever thought our dollar would be worth more than the US Dollar.

Yay collapse of manufacturing jobs

Yay increased global demand for raw materials!

Screw you alberta! Share the oil

[Barrister]

Apparently the US unemployment rate is 9.1%. Poland's (according to Eurostat) is 9.4%. Never thought I'd live to a day when the US and Poland would have such similar unemployment rates. 

Though it happened a couple years ago, nobody in Canada ever thought our dollar would be worth more than the US Dollar.

Yay collapse of manufacturing jobs

Yay increased global demand for raw materials!

Screw you alberta! Share the oil

Don't forget mining in Yukon.

And you now live in a have not province.  We are sharing the oil money.   

[HVC]

Don't forget mining in Yukon.

And you now live in a have not province.  We are sharing the oil money.  

Please sir, can i have s'more?

[Neil]

Yay collapse of manufacturing jobs

They were on life support anyways.  It's cheaper to ship from the satanic mills.

[Ideologue]

  That's a good reference.

[grumbler]

Yay collapse of manufacturing jobs

They were on life support anyways.  It's cheaper to ship from the satanic mills.

I think a lot of people don't understand that truism.  Nothing happened to fundamentally change the relationship between the cost of US labor and the cost of Chinese labor.  What happened was that transportation got cheaper, and so more and so the cost of more products became driven by labor costs and not transportation costs.  Nothing is going to reverse that trend any time soon, so a resurgence in US (or Western) unskilled manufacturing isn't going to happen in any foreseeable future.

[Martinus]

Yay collapse of manufacturing jobs

They were on life support anyways.  It's cheaper to ship from the satanic mills.

I think a lot of people don't understand that truism.  Nothing happened to fundamentally change the relationship between the cost of US labor and the cost of Chinese labor.  What happened was that transportation got cheaper, and so more and so the cost of more products became driven by labor costs and not transportation costs.  Nothing is going to reverse that trend any time soon, so a resurgence in US (or Western) unskilled manufacturing isn't going to happen in any foreseeable future.

What will happen is Chinese labor will go up eventually, because the people there will want to start consuming instead of just producing. But then probably we will ship from cheap factories in Somalia.

[Barrister]

Yay collapse of manufacturing jobs

They were on life support anyways.  It's cheaper to ship from the satanic mills.

I think a lot of people don't understand that truism.  Nothing happened to fundamentally change the relationship between the cost of US labor and the cost of Chinese labor.  What happened was that transportation got cheaper, and so more and so the cost of more products became driven by labor costs and not transportation costs.  Nothing is going to reverse that trend any time soon, so a resurgence in US (or Western) unskilled manufacturing isn't going to happen in any foreseeable future.

What will happen is Chinese labor will go up eventually, because the people there will want to start consuming instead of just producing. But then probably we will ship from cheap factories in Somalia.

Eventually - it is what happened to formerly cheap labour in Hong Kong, Taiwan and Japan after all.

But china still has an enormous source of rural poor to pull on.

And Somalia - they lack the basic security for any corporation to want to invest there.

[Razgovory]

Yay collapse of manufacturing jobs

They were on life support anyways.  It's cheaper to ship from the satanic mills.

I think a lot of people don't understand that truism.  Nothing happened to fundamentally change the relationship between the cost of US labor and the cost of Chinese labor.  What happened was that transportation got cheaper, and so more and so the cost of more products became driven by labor costs and not transportation costs.  Nothing is going to reverse that trend any time soon, so a resurgence in US (or Western) unskilled manufacturing isn't going to happen in any foreseeable future.

What will happen is Chinese labor will go up eventually, because the people there will want to start consuming instead of just producing. But then probably we will ship from cheap factories in Somalia.

When I was in the mental hospital, I found a book written in 1989 predicting that as the Japanese markets matured manufacturing would return to the US.  The author also predicted that if George Bush held the line on taxes we could see the DOW Jones rise to 5,000 by the year 2000.

I realize now that my posts would probably be taken more seriously if they didn't start with the phrase "When I was in the mental hospital".

[Barrister]

Yay collapse of manufacturing jobs

They were on life support anyways.  It's cheaper to ship from the satanic mills.

I think a lot of people don't understand that truism.  Nothing happened to fundamentally change the relationship between the cost of US labor and the cost of Chinese labor.  What happened was that transportation got cheaper, and so more and so the cost of more products became driven by labor costs and not transportation costs.  Nothing is going to reverse that trend any time soon, so a resurgence in US (or Western) unskilled manufacturing isn't going to happen in any foreseeable future.

What will happen is Chinese labor will go up eventually, because the people there will want to start consuming instead of just producing. But then probably we will ship from cheap factories in Somalia.

When I was in the mental hospital, I found a book written in 1989 predicting that as the Japanese markets matured manufacturing would return to the US.  The author also predicted that if George Bush held the line on taxes we could see the DOW Jones rise to 5,000 by the year 2000.

I realize now that my posts would probably be taken more seriously if they didn't start with the phrase "When I was in the mental hospital".

Hey Raz - have you ever detailed why you were in the mental hospital, or what your diagnosis was/is?

Don't mean to pry if you prefer to keep it private, but I did wonder.

[Razgovory]

Yes, I have.  Schizotypal personality disorder.  http://en.wikipedia.org/wiki/Schizotypal_personality_disorder  There are other things the come from that, like Depression and anxiety, but that seems to the the root problem.