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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Nemer who wrote (4442)	8/27/2001 2:26:24 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 33421

Hi Nemer, I guess the long and the short of it is that the "free trade" religion calls for trade to move to foreign lands when the competitive advantage goes there. According to the religion, what the U.S. needs to do is to find something of value we can sell to the Canadian timber/lumber producers who are currently beating us in the marketplace on this commodity. I recall how Gladstone and Queen Victoria decided that they needed to balance the tea trade with China in the latter half of the 19th Century and hit upon opium as an excellent means of exchange, preventing an otherwise inevitable devaluation of the British pound as the demand for Chinese tea became nearly insatiable in the British Isles while Britain had nothing to trade that the Chinese wanted or needed. Maybe we could do the same with Ecstasy or some product that could be cross transported from South America. -Ray