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Strategies & Market Trends : Rande Is . . . HOME

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To: Tradelite who wrote (53906)	8/6/2001 11:53:51 PM
From: Silver_Bullet	Read Replies (1) of 57584

Free trade has a long way to go. The people South of the boarder aren't rich like us north of it. They can't afford 300k homes and 30-60k cars and trucks. Just take a nice trip just south of the our boarder and you will probably see one of the wealthiest areas in the Southern America's but it's still dirt poor. What is free trade anyway? They build our luxury cars our tractors and tools and clothes for dollars a day (literally). What can they buy from us?? Not much!! It doesn't seem like there is too much trading going on. It's pretty much a one way street as corporate America try's to pay as little for labor as possible. The truth is most corporations don't save the money that they thought they would. It takes a lot to start up satelite plant and all the support that goes with it to save a little bit of money on assembly of the product. Anyway, with NAFTA anything built in Mexico has to come back across the border for distribution. HUH??? Put it another way, John Deere doesn't have a plant in Mexico to sell Mexican farmers a $100k tractor. So now that a large percentage all of the building and assembly is outside the US. The jobs left in the US are the design, support and service jobs. Those are typically the last to get laid off. When the US is laying off people plants in other countries have already been closed. It's not really a free market or free trade. It's all US consumerism and the coporations thinking they are saving a couple bucks by paying as little for labor as possible. If the american consumer falters we could be in for some trouble. I say if things don't turn up soon, say in the next year or so, the consumer might just back off a little. But, I have very little say in what goes on. There are some forces that are just sooo big that you just have to go with the flow. Since you can't beat them join them type of thing. I just need to profit from it, up or down. Of course I wouldn't wish poverty on anyone and would like to see everyone have more than enough money to live comfortably. FT

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