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To: John Vosilla who wrote (28466)	3/22/2005 1:05:21 AM
From: mishedlo	Read Replies (1) \| Respond to of 306849

If the dollar continues to drop for a few more years we might see a lot of businesses including both US and foreign move operations from overseas to the low cost flyover country. Perhaps there is a method to Greenspan's madness. You cant be serious labor costs are 20-1 or 30-1 Are you suggesting a 95% drop in the dollar? Supposed that happened and we had wage parity. Would it still make any sense to build new factories here when there are already factories there? Mish

To: John Vosilla who wrote (28466)	3/22/2005 9:45:13 AM
From: GraceZ	Respond to of 306849

Most of these plants were planned and built when the dollar was hitting new highs. One could understand why a German or Japanese auto company might want to build here in that labor costs are lower in the US heartland. If you can figure out how it is my husband's Elantra can be built here and sold for as little as it is, then you might have a better handle on the nature of "outsourcing" and foreign direct investment flows.