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Strategies & Market Trends : New US Economy Policy -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (271)	4/11/2001 6:34:49 AM
From: Arthur Tang	Read Replies (1) \| Respond to of 435

Today, World bank in its forecast of world economy had information on US banks' reduced lending(direct squeeze by Greenspan' overnight discount rate increase) as a cause for world economy forecast to be less than before. Monetary constraint is every reason for a reduced economy.

To: Arthur Tang who wrote (271)	4/21/2001 9:18:59 PM
From: Arthur Tang	Read Replies (1) \| Respond to of 435

Why the new economy is using foreign policy of complementary and supplementary economies? Why not free trade or open trade? Maybe people do not understand free or open trade? Free trade is predatory in nature. You target the other country to take their jobs away by export to that country. The disparity of wages is especially cruel, where cheap labor took all the jobs away in the prosperous country. Free trade is dog eat dog, cannibalism. We certainly experienced Japan's export formula, where they will supply the domestic manufacturer for three years. Then they refuse to subcontract anymore and try to take over the established market by default. Savin lost to Ricoh. Motorola almost lost to Panasonic, until US government intervened. WTO and formerly Gatt both tried to deal with free trade and they never could accomplish anything. We have to protect our economy. We have to pay for capacity to reserve for our potential shortages; but not import to eliminate our job base. Forget free trade, it is not for us, we already learned from Japan. And they worked their economy to stagnancy.