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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?


To: Robert Douglas who wrote (3373)6/3/2002 3:39:47 PM
From: Raymond Duray  Read Replies (2) | Respond to of 3536
 
Hi Robert,

Re: The U.S., IMO, still has some of the best companies in the world.

Did you happen to see that interesting bit of news about Sears profits last year? They made $0.9 Billion on sales and $1.5 Billion on credit card operations.

You may not see a hollowing out, but only if you are intentionally blinding yourself.

Here's a bonus question. Of the total sales at Sears last year, what percentage of merchandise was manufactured with U.S. labor?

How about Wal-Mart?

Hollowing out is real.