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

To: russwinter who wrote (64652)	6/27/2006 4:15:40 PM
From: anachronist	Respond to of 110194

Wow. When I was taking economics in college, cement manufacturing used to be an example my professor used when discussing international trade. I believe he said that even if a nation possessed a comparative advantage in cement manufacturing, the cost of transport was prohibitive relative to the value of the product. As an example, he pointed out that Mexico produced a lot of cement, but the US imported little of it. It is a striking illustration of how badly distorted our economies are that it is financially efficient to ship cement across the Pacific ocean now, when it wasn't efficient to ship it via rail from Mexico in 1993.