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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: bond_bubble who wrote (48179)12/25/2005 5:00:43 PM
From: arun gera  Read Replies (1) of 110194
 
>One more final scary thought: In the early 90s, everyone was scared that Japan is going to overtake US - because they are "HIGH TECH". Looking back, all their high techs were phones and entertainment systems!! Just simple gadgets - nothing to be scared of!!>

Consumer goods were just the market the Japanese were attacking. Behind the scenes, the Japanese have moved ahead in manufacturing and material science fields. They are now closely followed by South Korea, and Taiwan.

The Japanese have become competitive in making cars and electronics. Unfortunately for them, US moved ahead in computer software, networking, and the internet. The US companies that have moved to the new fields have cornered most of the profit, but the traditional high tech manufacturing - flat panel displays for example- are dominated by the Japanese. The mid-west is already reeling under the steady impact of the Japanese and Koreans for the last 20 years.

-Arun
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