John Conley
so sorry to hear of your health situation mate..sincerely.
i pray for your good health to return.

to all....
frankly i can only speak of the uk and canada that i know very well.
haveing lived in each for many years.
and frankly i feel for obama in the usa..cos i was hoping
with his background social aspects would be addressed.
i said to my wife when he was elected that i really hoped he could address important
strategic issuess, but i also said if he didnt his rateings would drop.
which i understand from media reports here,sadly this has occurred.

generally i feel these poor economic times for many people
are not going to end soon. and thus interest rates will stay low.
cos too many people are scared to spend lest they too loose their jobs.

pat marr asked..what is the solution ??
the answer to my mind is western govts have got to get off
their backsides and implement a top to bottom re industrialisation
strategy.
lets look at two cases.
england and canada.
in englands case the manufacturing rot set in decades back.
i can remember for example when i was a young physics student in uk...
brilliant minds spending too much time analyseing the internals of the atom ,
rather than researching new advanced products to sell to the world
and manufacture.
how england soaks up unemployment is to create more govt
pencil pusher jobs.
same here in canada. we have a big network of universities and research
places , but they are often focussed on "pure research"
rather than building for example the next great computer tech to export
to the rest of the world and manufacture.
so in summary both england and canada produce thousands of well
educated grads, but many waste their education working in low level jobs
cos the advanced manufacturing industry dont exist to employ them.
its been in all the papers here...many phd's driving taxis for example.


let me make an analogy n see if it makes sense.
if i keep on coming to your house and selling you "stuff"..
n "gadgets" pretty soon your gonna be bankrupt arent you ??
in essence this is what the govts of canada and uk have
allowed to occur (and i suspect usa too.) for years and years
thanks to the free world trade policies, which have flooded
uk and canada and usa markets with imports.
as a result i'm reading in the papers today that the province of ontario
is gonna be in the red for many years to come.
no wonder..govt is a big buyer of imported computers n hi tech gear.
if you ever go into govt offices in ottawa , the capital, youll see all
imported puter gear.
same in uk. all govt offices are useing imported puter gear in london.
and i suspect the same in washington.
(remember when i said up post if i keep on coming to your house
and selling "stuff" to you..??)
in canadas' case we have i believe an accumulated deficit of 600 billion.
in the early 70's canada had no deficit i understand, or a small one.
what event caused such a build up of deficits ??
yup..the house example. in the intervening decades since the early 70's
canada (and uk) imported oodles of puter gear. oodles of cash were sent abroad..
now the bills are coming due.
if , instead , the uk and canada had have developed its own
advanced puter industry billions would not have left both countries,
and jobs would have created at home.
it all comes back to lack of manufacturing strategy imho.
and letting the world free traders have their way policy wise.
the sad fact is both the uk and canada have been led for years by
people with no vision when it comes to manufacturing and job creation.
aided by myopic central bankers who were too focused on price controls etc etc.
i raised sternly all these issues with a senior mandarin at the bank of canada
years n years ago, because i felt at the time some of the problems we are
seeing today would occur. being an economist , he failed to grasp
the various nuances. as i said..people in charge with no vision imho.

so whats the solution ??
answer...rapid strategic new manufacturing advanced industries imho.
but it aint gonna happen cos the people in charge dont se it as important.
i hope i make some sense.
as i once said to a senior mandarin...
"where the heck are future generations of young canadians gonna work
if all manufacturing has been off shored".

retired puter engr....powertracks on amd......NICE !
"what is the black art of audio engineering ?"
my silly songs...motagator.com/bmanning
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