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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (16623)	12/14/2002 1:29:23 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 57110

misheldo, it is my business to outsource and cut people out of their jobs so this process in no way concerns me. For one thing, we just lost one of the 3 biggest freight transportation companies in the US, CF companies- imo precisely because the movement of goods across the US is so much more efficient now than in the past. Now there are all these laborers out of work, same old same old its been going on for at least 10 years that I know of. The beauty of the situation now, vs. in the past is that the countries that have the cheap manufacturing sectors also are more open mkts than we had before. I think we are going to sell more to china than we will ever lose in production capacity to them, same with India. That was not true with japan, although Japan is a great market for tech equipment especially software. Its possible all the wealth that gets generated in these mkts winds up in our equity mkts too