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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area
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To: Sergio H who wrote (3920)9/2/2003 7:17:29 PM
From: Crossy   of 37387
 
Sergio..

"And remember something else: in a large percentage of cases these incoming "Chinese" products that are "undermining" American-made goods are coming from manufacturing facilities that were financed by and are wholly or jointly owned by American companies"

Obviously there'S a business case for the currrent exchange rate as well. For me it's fine. If you have a problem with it, you may admit there is nothing you can do against it..

Let me add my 2 cents on this : THe US as a whole (especially it's corporations) are the major beneficiaries of a non-protectionist economy - where goods and services trade freely. They have most to loose by setting any questionable precedents in this regard. And so I think in pure self interest nothing will be pursued by US officials of any substance.. because too much is at stake..

rgrds
CROSSY
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