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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 398.57-0.2%Dec 18 4:00 PM EST
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To: TobagoJack who wrote (150879)9/28/2019 7:13:58 AM
From: stsimon2 Recommendations

Recommended By
ggersh
SirWalterRalegh

  Read Replies (2) of 218594
 
Lots of fancy charts showing correlations, but I doubt there is much causation there.

American manufacturing was dismantled for two man reasons:

1. $30/hr labor can't compete with $3/hr labor
2. Clean air and water have a cost

Applying tariffs after the factories have left the U.S.is silly and won't work. Applying tariffs before the factories leave will work to a degree, but adds significant cost to consumers.

Example - Pick up trucks

Starting in 1964 the U.S. applied a 25% tariff on foreign pick up trucks making it cost prohibitive to build them abroad import them. Consequently, the U.S. auto companies have a very profitable product. Consumers likely pay $10K per truck more than if there were no tariffs.

Anecdotal pollution story -

In 1967 I hitchhiked to San Francisco from my home in Connecticut. My route went through pre EPA Gary Indiana, a major steel producing city. About 30 miles out you could smell the stench and see the pollution in the air. More than 70 years later I can still recall the smell. I can't even imagine what the water must have been like.
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