Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (1409)	8/1/2002 5:41:50 AM
From: maceng2	Read Replies (3) of 1643

a crisis in manufacturing. U.S. companies have been closing factories, shedding workers and building plants in Mexico and Asia. As goods produced by $2-an-hour foreign labor poured into the United States, they have killed off many remaining U.S. factories. I'm glad that USA manufacturing is beginning to recover. I would like to work there again for a start. The weaker dollar will help also. The rest of the arguments look full of holes though. All I can say is look at recent history. The Hawley Smoot Act was a disaster. Trade barriers = less trade = Less hot economy = recession imho. Some well-to-do guys will do OK out it though. Nearly everyone else will suffer. OK you may see some jobs protected in the short term. I look to the 1930's to see what the longer term effects are. An example of a $ Billion going straight into the rich guys pocket as a direct result of the tariffs. observer.co.uk

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