2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 378.35

+2.7%

Nov 10 4:00 PM EST

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To: TobagoJack who wrote (23514)	10/5/2007 4:51:25 PM
From: Gib Bogle	Read Replies (1) of 217661

Here in NZ (and I presume the same applies elsewhere) we see several long-established companies with "good names" that have decided to cash in on their reputations. They have farmed out all their production to China, and are now making out like bandits because productions costs have dropped but they've been able to hold their prices up pretty well. The emphasis in design seems to be on cutting manufacturing costs, and as you suggest, another way they increase profitability is by reducing (eliminating?) quality control. When a device fails (e.g. lately an electric kettle and a toaster) I reserve my anger for the rip-off companies who are making the big money, not the Chinese factories who are just acting as instructed.

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