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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (34231)6/8/2005 10:20:50 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Date: Wed Jun 08 2005 16:16
trotsky (Carmack) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
you are forgetting that while GM is really singularly incapable of making money building cars, the same does not hold for the many Japanese and German car manufacturing plants in the US, which are very successful, especially the Japanese. therefore, while jobs are lost at GM, jobs are gained at other car manufacturers. GM really is a very bad example to bolster your contentions...especially as China has yet to sell a single car in the US.
you sometimes sound a little bit like those burgeois armchair socialists ( or maybe we should call them laptop socialists these days ) in the Friedrich Engels mold...to assuage your conscience, you plead for bad economics. but you really shouldn't. free trade makes us more prosperous, regardless of popular opinion and conventional wisdom.

Date: Wed Jun 08 2005 16:06
trotsky (@pm stocks) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
today has probably concluded the pullback...i.e. the rally should resume soon.
so sayeth my tea leaves...