Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (142757)	9/5/2001 3:21:21 AM
From: nihil	Read Replies (2) \| Respond to of 186894

The big boys in the know (Right Coast and London boys) say that this may be the big one. Home building is the only thing offering any hope, and the Canadian lumber duty is a big hitch here. Several major American industries are on the skids (e.g. steel) and may not recover without serious hardnosed protection. All in all, its Hawley-Smoot all over again, and something more than a hiccup in world trade is expected. No new trade round is possible because the demands of the LDC's for open agriculture and textile markets cannot be met by a Republican administration in a deflationary economy brought on by a nearly complete collapse in business confidence, despite (or because of) the Republican election victory. The demand for more military spending by the President and the military industial complex remainder will be sold on the need for jobs. The real problem is that US has no one to fight once they rebuild the military. I is already stronger than the next most powerfuy 20 nations combined. The impending collapse of Japan and its overbuilt public sector has no solution. Japan cannot push more exports on US , Europe and Asia. Only by completely opening its markets to foreign (i.e. American firms can it become competitive again). The Japanese chip industry, formerly in the lead, is finished. Memory capacity is overbuilt everywhere. Japan needs a good dose of runaway (investment led) inflation but cannot have it until most of the Japanese conglomerates are broken into hundreds of small, more competitive firms. Perhaps one solution would be for Japan to invest about 50 billion a year in rebuilding the US's decrepit cities, bridges, airports, schools, and railroads. If they've got the money, we've got the time. Fat chance! My personal solution is that every student in Japan, US, and China be equipped (rented at a subsidized rate) a nice desktop and a handy laptop to take to school and plug in. It might not do much for schooling, but it would solve the computer surplus for a while. Meanwhile, we are suffering a terrible shortage of B&J's pistachio pistachio in the islands.