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

To: Steve Lee who wrote (41971)	3/19/2002 5:51:07 PM
From: Jdaasoc	Respond to of 99280

Are US manufacturers finding it difficult to compete with high costs of labor, high costs of land and building and a high level of the dollar All of the above. When they go to their bankers, the banks wack them over the head with how their ratios are too high from previous debts incurred from their banks "handling" in an orderly fashion: -- their retooling expenses for factories in lower labor cost states or countries; -- previous loans for coporate real estate that the principal needs to be repaid and real estate prices can't go up forever to cover the interest expense These companies got to sell a boatload of product at profitable prices or close the doors. US is not going to become another Japan unless Congress steps in big time with more deficit spending. I am leading to higher producer prices vs major subsidies by the government but recent steel tariffs don't set a good presedence but OH and PA are key battleground states in 2002 elections. I guess I update my informaiton by watching BBC news tonight <g>