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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: zsteve who wrote (22686)8/8/1998 10:31:00 AM
From: Joseph Beltran  Respond to of 70976
 
zsteve,

last night it was reported that mexico and canada (as well as japan, s.k., etc) have all substantially increased their exports to the u.s. they showed a segment where cargo ships from asia were returning home empty, yes, empty. this has been going on for awhile. Greenspan testified that the danger of inflation was greater than the danger of asia contaminating the american economy. I think (and the current figures on inflation and the trade deficit support this) that he was dead wrong in that assesment. no doubt americans will CONTINUE to lose their jobs because of the lack of exports and the chronic trade deficit will turn into a hot political potato before elections.

regards



To: zsteve who wrote (22686)8/8/1998 10:57:00 AM
From: Ramsey Su  Respond to of 70976
 
zsteve,

re the C$, how true. Also the peso with our southern neighbor.

There were some recent articles about the marquiladora industry along our borders. Since many are of Japanese or Korea origin, they are having problems staying competitive with facilities in Asia. Just another piece of this falling dominoes game.

Ramsey


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