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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (38793)	3/7/2002 6:54:29 PM
From: DrGrabow	Read Replies (1) \| Respond to of 99280

Are you saying our tax money leaves the US(?) No. It just doesn't do much. What does mortgage interest have to do with re-insurance(.) All I'm saying is that some major insurance companies are not all American (not a bad thing). Money leaving the U.S. I think you are mistaken in terms of housing products being mostly imported. All I know is that I went to Home Depot yesterday to buy a 1X4 yellow pine American product. Damn, they don't carry it anymore. I had to settle for a 1X4 white board (crap) from Sweden. How do I know this? From the sticker on the board saying "manufactured in Sweden". Leave it to Home Depot to make their suppliers sing karaoke. I live in the gypsum board capital of the world. Eh, thanks for that shortage a couple of years ago. I was paying over $12 a sheet as opposed to $4 a sheet. You just won't find most housing is built from products bought at a Home Depot I beg to differ. Home Depot and Lowe's provide cut rate discounts to contractors that keep them coming back. And Home Depot and Lowe's will find the cheapest materials to sell their customers; lumber, fixtures, appliances etc.... Retail is anywhere from 100 to 1000% markup from wholesale. ???????????? What business? My father-in-law runs auto parts warehouses. His markup is under 10% (volume). His retailers margin isn't that big. Grocery stores work on margin of less than 5%. I've heard of 2.2X retail but never 100 times. My point was that most money spent by consumers is spent here in the US. Yes, it's spent here but, SOMETIMES, part of that money goes overseas. Your clothes are probably made in China. I live in the south and the textile industry is almost dead. It all went to China or Mexico. It's cheaper that way. Shipping clothes to the U.S. from China is cost effective when you can load up a tanker with the stuff. In reality, I'm not saying anything. I'm reminded of our last nasty recession... back in the 70's, when everyone was 'buying American' (love it or leave it crap) only to find out that the 'American' products they were buying were mostly manufactured overseas. I think they were more Japanese parts in a Lincoln Continental, back in the 70's, than American parts. Re: John Deere and Kubota. Kubota was denied a contract because the 'powers that be' thought it a 'foreign company' and gave it to John Deere. John Deere is no longer an American company. As we all know the world is not black and white. It's grey but money is green. Be careful out there.