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Strategies & Market Trends : Waiting for the big Kahuna
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To: ayn rand who wrote (90340)9/14/2009 8:50:40 AM
From: robert b furman4 Recommendations  Read Replies (1) of 94695
 
Hi N40,

As a domestic car dealer - I must tell all, that I do not mourn the Dollar value that gave the Japanese a 15 - 20 % advantage.

Our current exchange rate finally gives us a 5% advantage and all of a sudden we see Toyota participating in sales declines greater than the domestics.No Surprise here.

This is not a huge thing,but given a level playing field you will see manufacturing make a credible recovery.

With the Euro bumping 1.50 - what we can be assured of is whining about a low dollar from our Euro friends.

With our eye on emerging Asia (not Japan) the race to a low dollar, for export reasons will switch to parity and more moderate growth globally.

NOT A BAD PLACE FOR ALL TO BE IN.

For decades we were the only game in town and a huge wealth discrepancy occurred.Unions became inefficient and intentionally wasteful as industry exited our land to go where efficiency was available - that left the government holding the bag with built in costs like pension benefit guarantee corp.These expenses took away from politicians the money they had to spend to reward voters.They hated it and endorsed the move out.

A mass exodus of above market paid union members went the global trade way.

Unions have been neutered and Obama's appeasement for their needs will be minimal and token.(I think he is a flash in the pan 4 year bad experiment).

As for all those good jobs that went elsewhere - that's a lot of crap.

I spent my first 3 years of college working 50% of the year along those UAW good jobs - they sucked.It made an undeniable need for me to obtain my degree.

Those jobs are repititious and boring - MIND KILLING and VERY DIRTY?DANGEROUS!!

There I was, wearing a hard hat,safety glasses and ear plugs pouring V-8 engine blocks in Saginaw Michigan.At break time and lunch they ran out the doors to slam down a couple of shots or smoke a joint in their truck - GOOD JOBS?? No thanks.

The manufacturing we need is high end.Defense related innovative,communications,hardware,software,semi's,fogs etc.

We need to invent the efficiency products of the future that will allow this continuingly crowded globe to coexist without shortages or wars over resources.

We'll have to be brilliant and good at that, to prevent the worst case scenario.

There is more than enough room for huge evolutionary tasks and accomplishments NEEDED TO EVOLVE PEACEFULLY to be made by the modern world.

ITS a GOOD FUTURE - very full of challenges and opportunities.

Bob
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