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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
08-01-2011, 01:32 PM
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#1
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Permanently Disconnected
Join Date: Nov 2002
Posts: 12,647
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The double dip
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08-01-2011, 06:36 PM
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#2
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Registered User
Join Date: Nov 2010
Location: Washington, DC
Posts: 45
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If there is any upside to all of this, the cost of manufacturing in China is steadily increasing. Maybe in a few years it will be cheaper to produce good here resulting in the buildup of our manufacturing power. Thats been our saving grace going back to the civil war which has dwindled away as our economy transformed over the past half century.
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08-01-2011, 06:56 PM
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#3
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Permanently Disconnected
Join Date: Nov 2002
Posts: 12,647
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Unfortunately the infrastructure is mostly gone at this point. It's good that it may shift back but bad now it will costs millions and millions to train people, tool and fit up any production plants. Maybe they'll spend it all with American companies...nahhh. They're too busy courting Chinese construction companies to come here and build stuff.
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08-01-2011, 07:19 PM
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#4
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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people will be replace with technology. we'll make it, but not with the labor force we once had
not in the top ten is consumer spending will continue to slow and decline.
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08-01-2011, 07:24 PM
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#5
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,182
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Quote:
Originally Posted by GlobalTJB
If there is any upside to all of this, the cost of manufacturing in China is steadily increasing. Maybe in a few years it will be cheaper to produce good here resulting in the buildup of our manufacturing power. Thats been our saving grace going back to the civil war which has dwindled away as our economy transformed over the past half century.
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Even before the recession when oil cost were sky high companies were already moving production back to the US for some goods.
There's also a shift away from China to even cheaper areas of production for the reason you already mentioned.
Long-term with rising energy and transportation costs production is likely to move closer to the consumer for many commodity goods.
-spence |
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08-04-2011, 01:55 PM
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#6
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Permanently Disconnected
Join Date: Nov 2002
Posts: 12,647
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Stock market looks GREAT today huh?
double dip  |
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08-04-2011, 02:56 PM
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#7
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BuzzLuck
Join Date: Feb 2009
Location: Brockton
Posts: 6,414
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Anyone for DOWN 500 at the close?
Posted from my iPhone/Mobile device
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08-04-2011, 03:00 PM
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#8
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Permanently Disconnected
Join Date: Nov 2002
Posts: 12,647
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pfft it's over that right now!
"The conventional wisdom on Wall Street was that the economy was growing -- that the worst was behind us," said Peter Schiff, president of Euro Pacific Capital. "Now what people are realizing is the stimulus didn't work, and we may be headed back to recession."
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08-04-2011, 03:02 PM
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#9
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Permanently Disconnected
Join Date: Nov 2002
Posts: 12,647
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The PLUS side of this is that oil dropped like a rock today...........
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08-04-2011, 03:19 PM
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#10
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,556
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down 512.
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