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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (66471)	7/20/2005 2:22:18 PM
From: Slagle	Read Replies (2) \| Respond to of 74559

energyplay Re: "what the market will bear" You are right and very logical as usual...but...there is a flaw in your comparison. <g> What these drug companies are doing is unfairly exploiting the differences in the way medicine is practiced here and abroad, especially in these "poor" places where they knock down the prices. Lets say that the USA Widget company has a hot product: "the widget". They sell the popular "widget" here for ten bucks but down in ole Mexico, which is poor, they only ask five bucks. It wouldn't be long before some smart operator would be buying up the Mexico "widgets" in bulk and bringing them back up here for resale. Just the "free market", right? And legal too, I would think, provided the "widgets" go through customs. Not with drugs though. Sure, you could buy the pills by the truckload down in Mexico, just like you might buy canned corn at Walmart. But because here any pill beyond an aspirin is a "controlled substance" and requires an individual prescription you would be treated just like a cocaine smuggler when you bring the stuff across the border. And if you made it here and tried to sell the pills, that is a DEA issue too and it doesn't matter that it is blood pressure pills instead of narcotics. Legal maybe but not fair. Beyond prescription meds I can't think of a single USA product that I have ever seen for sale outside the country that is cheaper there than here. I can think of many things much more expensive; USA canned goods, smokes back when I used them, and cars are double price, though part of that is tariffs. Interesting phenomena to exercise the mind of a bored day trader, though <g> Slagle