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To: Hawkmoon who wrote (38075)	7/30/1999 4:58:00 PM
From: Ahda	Read Replies (1) \| Respond to of 116762

An example of my thoughts one company and there are many who are affected by divergence in the dollar. motorola.com.cn Nation's shows you what is made in China interesting site international deficit in goods and services increased to $21.3 billion in May, from $18.6 billion (revised) in April, as imports increased and exports decreased. Rising other dollars means rising costs here. Motorola launched its first operation in Asia in Japan 37 years ago in 1962. Today Motorola employs some 25,000 Asians in the region and has operations which stretch from China in the north to Australia in the south, India in the west and Japan in the east. Asia embraces more than half of the world's population and is a hotbed of potential for telecommunications and advanced electronics. ahahah thoughts With respect to the availability of cheap foreign labor you haven't been paying attention. Did you not read Greenspan's lament of rising trade barriers under the anti-dumping aegis? Do you really think foreign labor will continue to work at rates below here? The cat's out of the bag and foreign countries are being forced to the pump which will effectively inflate the cost of their labor. Foreign labor has learned the game. Now they will experiment in a great American tradition. The tradition is happening now as demonstrated by the ECI. You aren't paying attention to the inflationary wage settlements going on for at least a year and kept secret from the public. The propensity to inflate is deep and the dollar has hidden and reinforced it. This gives American labor license to raise their compensation. It is called competitive devaluation. It is also called the will to inflate and central banks are the only force to bust that will. They do it by visiting depression on the greedy masses with high interest rates. Either they do it or the open market does it, but in any event it's done in a particularly hurtful way. It's the only way that preserves civilization. During the '70s businesses couldn't do what you suggest. They ended up scratching out a living and their stocks averaged a PE of 7. I have answered the question about how the will to inflate is given a life by the FED's fixing of money price in the million other words I've written all over SI. Over indeed.