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Strategies & Market Trends : The coming US dollar crisis
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To: elmatador who wrote (3470)1/20/2008 10:48:55 PM
From: Real Man  Read Replies (1) of 71456
 
Potentially, yes. The manufacturing as a share of the US economy
has been in a steady decline, now only around 10% of the total.
During the last recovery most jobs were created in the
"Ponzi" economy - mortgages, retail, etc. ,while the
manufacturing sector was exported to Asia with
the purpose of wage arbitrage. I would argue
that US manufacturing sector has remained in a secular
bear market for decades. It may take
a currency crisis and the collapse of the Ponzi economy to
reverse these ugly processes. You can't ramp up manufacturing
capacity and production overnight, it will take a few years.
First, we'll need to replace all the Chinese and Indonesian
stuff with "made in USA" in our stores, then we'll be talking
about exporting some of it. The dollar may need to fall
some more.
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