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.

Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (20150)	12/15/2002 12:05:14 PM
From: t2	Read Replies (3) \| Respond to of 30712

What consequences?? Pray tell what is made here that anyone wants? Guns and butter. That is about it. That steel tarrif was nuts. It hurt GM and F and did not help anyone but a few steel workers. Not a good tradeoff. You want tarrifs to cause inflation? Do you? If auto prices even attempt to go up, what will happen? Hell they have to give the things away now. Yeah right, put a tarrif on Toyotas. What will every other country do to GMs and Ford. Will anyone buy US cars if the price goes up? No. Not here, not there. My point is simply that given the dependency of these countries on exporting, it does put the US in a much stronger position than Japan for example. Without actually pushing for tarrifs, significant influence can used if necessary...as they are more dependent on exporting than the US is on importing. The plain fact of the matter is, because of labor cost differences, we are going to continue to lose jobs to China and India. Loss of jobs is extremely deflationary. Raise prices while jobs are being lost. Not possible. You seem to see beauty in the current situation. If job prospects do not pick up, I see one humongous disaster. You really think the FED/government officials are totally ignorant of this happening? I believe they know exactly what is going on...even if by chance they did not a few years ago, they do know now. The real long term problem is that US industrial technology gets obsolete after newer fuels gain technologies are put into use. All the current industrial/military machinary is dependent on fossil fuels. Might as well let these developing countries build plants that may become outdated in a few decades could be part of their thinking too. You never know. The US is looking decades into the future..at least I believe they are. Short term economic problems are probably weighed against long term strategy.

To: mishedlo who wrote (20150)	12/15/2002 12:34:25 PM
From: Win-Lose-Draw	Read Replies (1) \| Respond to of 30712

your points are valid, mish. imo there is now enough mobility across the globe that the disparities will start to equilibrize. and i suspect our incomes will come down as much as "their" incomes rise. maybe more. nature hates imbalances. time to make like the australians and head for the beach until the rest of the world catches up. as a mega growth engine, tech is dead. vc money is already leaving the US for china where they produce more engineers in a year than the US produced in the past decade. biotech could take its place but as a society "we" have so many hangups about it that we're probably going to be left behind.