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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GST who wrote (88483)11/6/2007 7:28:29 AM
From: Joe Stocks  Read Replies (1) of 110194
 
GST - Good post. What I see someday is that many of the large US multinational companies will find that they are doing so much more business in other countries that they will outsource their headquarters to other countries. Many thought outsourcing manufacturering was a good thing, and then certain services. I see more management moving overseas as only a natural progression. There is no reason that in the future a large conglomerate that is based in the US, but doing most of their business in China, having a Chinease CEO and moving their headquarters there. In fact, it is possible that those same multinationals will be mostly owned by Chinese shareholders.

Globalization? Very bad for the US. Globalization does not raise all boats as most have predicted. The effect would be more of equalization. I also see the US moving to a poorer standard of living. I think we have to ask ourselves why does the rest of the world need us? At one time that was easy to answer.
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