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Technology Stocks : VocalTec (VOCL) -- Ignore unavailable to you. Want to Upgrade?


To: Guy E. Fleming who wrote (925)12/3/1997 5:32:00 PM
From: crs  Read Replies (1) | Respond to of 2349
 
Guy, China will not destroy our market. We rely on china to produce $12 toasters that do not work out of the box, and shirts that fall apart after 3 washings. I don't care what happens to my back pocket short term, but I know if we rely on China's slave market labor to give us our goodies, we will be the ones to pay long term. China is an exporter, Japan is an exporter, Mexico is an exporter, Malasia is an exporter, while we are importers.

I have news for you, Asia is already in deep doo doo and it has been for 1000 years. We will be just fine not selling china boeing aircraft that boeing is not able to produce profitabily due to too much business. We would be better off in the long run not selling China nuclear reactors for all of China's money.

I like markets that cycle. I don't want steady markets even if they are steady forever because I am not a perfectionist. The only reason why the IMF is considering bailing these disgusting countries out is their and our own greed.

Nobody will ever bail us out and I like it that way. I would live in a hole in the ground before I would accept one red cent or whater China calls their worthless flea bag money.