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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: arun gera who wrote (10308)	8/7/2004 10:56:00 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 116555

this type of narrow minded thinking must end it is just so short sighted sure, lower costs benefits but keep in mind enormous income loss detriments fine, garment industry gone so is PC mfg an attendant peripherals so is stereo equipmt and consumer electronics so is house wares (which fill Wal-Mart) so are cameras and photographics tools are on the way out large construction equipment is on the way out cars are heading to Asian mfg each year NAFTA cleaned out remnants of our mfg do you see a trend, or are you blind? the lower costs are an immediate benefit, with longterm pain the lost income is huge the potential for vendors to skim and use part of profits for R&D and new business investment is totally lost gonzo the denial is incredible on bigtime economic damage at risk currently is the a major portion of service sector AT WHAT POINT DO YOU RECOGNIZE THE PURSUIT OF LOWER COSTS HURTS US ??? INCOMES ARE GENERATED IN FOREIGN COUNTRIES, NOT HERE INVESTMENT OCCURS ELSEWHERE WE GET POORER, BUT WITH CHEAPER COSTS MAYBE IN A FEW YEARS WHEN THE RECESSION HITS HARD / jim