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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (1747)	12/4/1997 6:07:00 PM
From: tekgk	Read Replies (1) \| Respond to of 5676

Joan, Your observation that auto's are in trouble is correct. The worldwide over capacity is about 20 million units. That's about the same as all of North America's total production. I just read an article that Isuzu is going to increase production from 400k to 700k to make up for the fall in prices in SEA. What a plan, make it up in volume. I think that anything that is made in Asia is facing the same problems. Steel, ship building, consumer electronics, computers, memory chips, textiles ... almost everything except for large airplanes. Prices are tumbling - I just got some really nice Egyptian cotton dress shirts from Thailand for about the same price as the raw material itself. The people doing the work must be getting paid close to nothing and the shop must be losing money. Another example - I can't see how MU stays alive with memory at $2/mb and falling.