P&S and STO Death Blow's Message Board

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Strategies & Market Trends : P&S and STO Death Blow's

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To: mishedlo who wrote (20150)	12/15/2002 12:05:14 PM
From: t2	Read Replies (3) of 30712

What consequences?? Pray tell what is made here that anyone wants? Guns and butter. That is about it. That steel tarrif was nuts. It hurt GM and F and did not help anyone but a few steel workers. Not a good tradeoff. You want tarrifs to cause inflation? Do you? If auto prices even attempt to go up, what will happen? Hell they have to give the things away now. Yeah right, put a tarrif on Toyotas. What will every other country do to GMs and Ford. Will anyone buy US cars if the price goes up? No. Not here, not there. My point is simply that given the dependency of these countries on exporting, it does put the US in a much stronger position than Japan for example. Without actually pushing for tarrifs, significant influence can used if necessary...as they are more dependent on exporting than the US is on importing. The plain fact of the matter is, because of labor cost differences, we are going to continue to lose jobs to China and India. Loss of jobs is extremely deflationary. Raise prices while jobs are being lost. Not possible. You seem to see beauty in the current situation. If job prospects do not pick up, I see one humongous disaster. You really think the FED/government officials are totally ignorant of this happening? I believe they know exactly what is going on...even if by chance they did not a few years ago, they do know now. The real long term problem is that US industrial technology gets obsolete after newer fuels gain technologies are put into use. All the current industrial/military machinary is dependent on fossil fuels. Might as well let these developing countries build plants that may become outdated in a few decades could be part of their thinking too. You never know. The US is looking decades into the future..at least I believe they are. Short term economic problems are probably weighed against long term strategy.

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