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#1
posted to rec.boats
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Youse guys must be rich
On Sat, 30 Oct 2010 07:43:04 -0400, Wayne.B
wrote: On Sat, 30 Oct 2010 00:55:26 -0400, wrote: Most of the profit is in marking up chinese goods and selling them. We still do not make much here anymore. There are some notable exceptions however including your old employer, IBM. One of the things that stood out on our recent European trip is the large amount of new looking John Deere and Caterpillar equipment that is being used over there. Both of them are obviously doing something right. We've got exports up quite a bit, since the dollar has fallen. That's the reason why it's not so Obama or white (sorry, couldn't help it) that a falling (or rising dollar) is good or bad. It's a mixed bag. |
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#3
posted to rec.boats
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Youse guys must be rich
On Sun, 31 Oct 2010 18:26:11 -0400, wrote:
On Sun, 31 Oct 2010 12:18:49 -0700, wrote: On Sun, 31 Oct 2010 12:55:19 -0400, wrote: On Sat, 30 Oct 2010 15:19:29 -0700, wrote: On Sat, 30 Oct 2010 07:43:04 -0400, Wayne.B wrote: On Sat, 30 Oct 2010 00:55:26 -0400, wrote: Most of the profit is in marking up chinese goods and selling them. We still do not make much here anymore. There are some notable exceptions however including your old employer, IBM. One of the things that stood out on our recent European trip is the large amount of new looking John Deere and Caterpillar equipment that is being used over there. Both of them are obviously doing something right. We've got exports up quite a bit, since the dollar has fallen. That's the reason why it's not so Obama or white (sorry, couldn't help it) that a falling (or rising dollar) is good or bad. It's a mixed bag. Cat is actually building plants in China so this is not as cut and dried as you would think. There is also a deal in the works for GM to build cars in China. Chinese love Buicks evidently. It is the highest selling car there. Please show me where I said it was "cut and dried." I said, "it's a mixed bag." I stand by that statement. I was just referring to the idea that just because you see John Deere or Caterpillar on a machine does not indicate it was actually built in America. Got it. I was referring to the fact that a weak or strong dollar doesn't make any absolute statements of health about the economy. |
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