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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: chomolungma who wrote (3388)6/4/2002 11:11:12 AM
From: Zardoz  Read Replies (1) of 3536
 
Clearly there is a very large currency component to the trade deficits the U.S. is running. A return to the levels seen in the mid 90's would go a long way toward making U.S. industries more competitive world wide

USA biggest problem is a lack of capital spending on technology in old industries like lumber production, steel production etc. This is why USA is not competitive on a world basis. The proper infrastructure is not there for the low cost production. Using old equipment that breaks weekly, or having obsolete equipment that takes more workers to use, then newer foreign equipment is not going to make for a prosperous USA. This is why USA claims that Canada is dumping soft wood lumber on the USA, and why USA claims that foreign steel is being dumped. USA needs a protectionist regime to aid in defending their obsolesces.
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