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Pastimes : G&K Investing for Curmudgeons -- Ignore unavailable to you. Want to Upgrade?

To: unclewest who wrote (13622)	4/20/2001 5:17:17 PM
From: alanrs	Respond to of 22706

RE: our trade deficit with china and several other countries has been growing exponentially and completely out of control for the simple reason that they have expanded their production base as we have lost ours. lower interest rates are a partial and only a partial solution. we cannot rely on governmental money manipulation to solve the economic problem and recreate lost jobs. an example is the japanese. their prime rate is currently zero; their economy is screwed up, and their stock market is at 15 year lows. I'm old enough to remember when "made in Japan" was a national joke here used to refer to the mass of junk castings and whatnot that flooded the U.S. I also remember Japan taking the money they made on junk and building state of the art factories and doing quite well, to the point of a fair amount of fear here that Japan would soon own the entire U.S. We now know Japan blew it. Maybe we got scared enough at the time to get off our collective fat asses and start being more productive. Probably some of both. Who knows how China will turn out. Not me. Still, all the economic theory aside, it's probably a good idea not to forget Japan from 1950 to 1985. While I'm not a nut about it, I try to buy American made. ARS