CHEAP AND POOR QUALITY CHINESE TIRES MAY HERALD THE START OF PROTECTIONISM
I salute President Obama for his decision to apply the first tariff to some Chinese-made junk America truly does not need. I remember starting about ten years ago and the still ongoing lawsuits throughout the country Ford and Firestone are facing over producing Explorer SUV’s with unsuitable tires which supposedly affected the vehicle’s stability at [...]
AMERICAN UNEMPLOYMENT NUMBERS REACHING CLOSE TO 10%
It will be interesting to learn what the Obama administration start to tell us now six months into the year and we still see falling house prices, falling car sales and rising unemployment. To add to our woes, interest rates are starting to climb. Banks in less than a month are asking another point for [...]
A WEEK OF OBSERVING CHINA AND OTHER EMERGING ECONOMIES
I still cringe when I hear Wall Street, American politicians, journalists and economists telling us if it weren’t for those wonderful people who run China and buy our treasuries, we’d be bankrupt! Having a look at why many companies are moving into Chapter 11 reorganization and how quickly they emerge with a clean balance sheet [...]
IN SURVIVAL MODE WHAT WORKS, GLOBALIZATION OR PROTECTIONISM?
It appears the only nations who think globalization will get us out of this economic mess are the United States, Great Britain and a few other nutty countries like New Zealand, Belgium and the Netherlands. China, India and Japan are the most protectionist industrial nations on earth, and are even becoming more so as the [...]
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