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Non-Tech : Kirk's Market Thoughts
COHR 156.67-0.8%Nov 12 3:59 PM EST
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To: Jerome who wrote (6068)8/14/2018 12:06:34 PM
From: PJr1 Recommendation

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Kirk ©

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Your points are well taken. Without a doubt, correcting trade imbalances are not going to come without a price, however, maintaining the status quo also exacts individual and corporate pain as well. What of those who have been excluded from participating in foreign markets because they can't be competitive in the current environment? Their losses are equally real. Granted, it's much easier to put a face on those who might only be beginning to suffer temporary pain from new tactics and strategies that could lead to permanently ending the trade imbalance for all US players. It's not so easy to identify and feel sympathy for the victims of current unfair trade policies who have been required to silently suffer losses for decades including all US taxpayers who essentially are forced to subsidize the "winning countries" to the tune of billions of dollars annually in the current scheme.

You're absolutely correct that government is not a business. On the other hand, that reality doesn't give those responsible for running the show license for permitting us to be exploited. We could have continued to pay $700 for hammers after that was discovered too since the government is not a business but that doesn't seem any more practical than grossly overpaying for international commerce. Considering that the cost of even tens of thousands of $700 hammers is bashful compared to the excessive cost of our trade policies, I'm surprised at the lack of attention paid to this in the past. That was my point in suggesting that it might be a welcome change to have a President who often appears to craft solutions that incorporate business logic along with, or in lieu of traditional political considerations.

It sure would be nice if the President's approach is successful, since the savings would have the effect of putting a pretty good sized dent in money currently allocated to a large defense budget or other big ticket item .... even though we know that Congressional "giddiness" would ultimately consume the windfall by merely providing a new source of money for their wasteful spending! It could even permit a round of inflation adjusted $800 hammers! <G>

In any case, I think it's worth a try. Let's hope for the best.

PJr
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