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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Jim Willie CB who wrote (10305)8/7/2004 10:44:42 AM
From: arun gera  Read Replies (1) of 116555
 
Jim:

Take garment manufacturing that has been offshored for 30-40 years. How badly has the US economy been affected by that? I know that the garment manufacturers in India make very low profits, if any. Who benefits?

A leather jacket that retails between $100-150 in US arrives in US stores at less than $50. So the difference stays in the US feeding the US economy.

-Arun
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