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Gold/Mining/Energy : Gold Price Monitor
GDXJ 105.34+5.2%4:00 PM EST
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To: Casey who wrote (40532)9/22/1999 9:24:00 AM
From: Cynic 2005  Read Replies (1) of 116767
 
<<1) Most Japanese cars sold in North America are manufactured in North America, thereby reducing substantially the cost of a rising Yen. >>

Not all Japanese cars are manufactured in the US. Nor are the umpteen different parts they use in the assembly line.

From the WSJ article on latest trade deficit:

<<Imports of cars, consumer goods and capital goods all increased to new highs. Unsurprisingly, the U.S. deficits with Japan, China and Western Europe -- all purveyors of those goods -- rose as well.>>

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