John,
With Asia, expecially JAPAN, improving and getting back on their feet, I just have to think how the US was able to catch up to the Japanese industries, especially the auto industry. Then when we started catching up to JAPAN, JAPAN went into their 10 year bear market.
Is this now the reverse, where the ASIAN TIGERs will re awaken. Hey, they will be doing all they can to recoup and how do you think they are going to do it - by being as competitive on the world market as much as possible which means even more competition to the US. They will be cutting prices, and will attempt to dump if necessary - not a pretty outlook for American industries.
With the ASIAN TIGERs reawakening, fuel consumption will increase sending oil prices up, which aint good for our industries and stock market since the American industries have become very comfortable with lower fuel prices. If American industries right now have slower growth, its going to be even tougher when the ASIAN TIGERs are competing at full strength. For some American industries it will help since exports from the US will increase, but overall I will not underestimate the competitiveness of the ASIAN TIGERs as they start their recovery mode - that competitiveness could also get nasty.
seeya
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