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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 380.080.0%Nov 25 4:00 PM EST

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To: Snowshoe who wrote (53384)8/10/2009 1:25:17 AM
From: Maurice Winn2 Recommendations  Read Replies (2) of 218019
 
The change in exchange rates, unemployment and pay hikes in China are probably the real reasons: <Manufacturers are abandoning global supply chains for regional ones in a big shift brought about by the financial crisis and climate change concerns, according to executives and analysts.>

Climate change concerns my foot!! Nobody cares about so-called "climate change" [not anybody who has to actually get things done in an economic way]. The price of oil would make freight expensive but now shipping costs have collapsed, that makes distant suppliers more economic.

Perhaps Made in China suppliers are saying "No US$ thanks, we have enough of those".

Mqurice
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