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Non-Tech : Dorsey Wright & Associates. Point and Figure

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To: Jorj X Mckie who wrote (8179)5/24/2000 4:46:00 PM
From: wizzards wine  Read Replies (1) of 9427
 
Jorj, You have hit the Nail on the Head...from a corporate view that is international, China is the single largest untapped market in the world, bar none...

Be that as it may, they also have the cheapest labor in the world and one of the best work ethics...thus the very real potential to bring to market cheaper goods that will further the trade balance of the USA, much more coming in than going out...effectively hurting both US businesses and labors here that cannot work as cheaply as the Chinese...

Japan, who is struggling to overcome their past mistakes in economy planning will also be hurt, as instead of exporting, they will be importing...this ripple effect, will be felt by much of Europe in addition...

In the end, it all comes down to profits, yes some companies would likely profit, but as a whole it will likely hurt economies with higher wage standards...

Just some thoughts, and yes CSCO will very likely be one to profit :-)

Later

Preston
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