Good news from multinationals about their emerging market performance is lifting stocks this morning. Three M and Caterpillar both are boasting about sales and are lifting prospects about their emerging markets stakes. Both companies are not optimistic about U.S. domestic sales. Asia is where the jobs are being created.Our job market is being sucked lower because of the industrial revolution over there and the following creation of the new Asian middle class. Industry here is moving jobs over there. Our middle class is disappearing like the jobs.
This will put enormous pressure on the financial system here because of the huge debt load that has to be serviced. Also race, gender, cultural relations will heat up because of immigration,affirmative action and entitlements that are part of the non-competitive business paradigm that exists in U.S. Let's also not forget the roving lawyers with their monoply and cartel powers that make doing business in America such a crap shoot. But the biggest threat will come from the approaching trade wars
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