The Foreign Trade Thread

[BigOrangeD]

Speaking in the 3rd person seems to indicate he's trying to convince himself rather than others.

He's actually quoting JoeSquawk.

 

[Big Gucci Sosa]

U.S., China agree to renew trade talks; stock futures shoot up

 

[Big Gucci Sosa]

 

[SpaceCoastVol]

If you're following the Ford model you have to pay workers much more than today's minimum wage.

He believed the people building cars should be able to afford new cars.

Pretty sure they can. And people slinging fries for min wage can buy fries.

 

[Velo Vol]

Pretty sure they can. And people slinging fries for min wage can buy fries.

With employee discount.

 

[SpaceCoastVol]

The sweetness of low price is quickly forgotten but the bitterness of poor quality lingers long!

Reminiscent of a certain football program.

 

[BigOrangeD]

 

[Velo Vol]

 

[n_huffhines]

 

[NurseGoodVol]

Basically all clothing is imported now and you wouldn't say it's all cheap.

Was comparing American made and china. My uniforms were made in Taiwan. They were the same cost as American made scrubs.
Don't really shop much.

 

[AM64]

Was comparing American made and china. My uniforms were made in Taiwan. They were the same cost as American made scrubs.
Don't really shop much.

My wife has some Cherokee scrubs. I'll have to look some day to see if they are made in the US, or fakes made in China.

 

[NurseGoodVol]

My wife has some Cherokee scrubs. I'll have to look some day to see if they are made in the US, or fakes made in China.

They could be made in Taiwan or Indonesia. We have not many choices for American made goods. Most manufacturing has left and don't see it coming back, thereby weakening America.

 

[AM64]

They could be made in Taiwan or Indonesia. We have not many choices for American made goods. Most manufacturing has left and don't see it coming back, thereby weakening America.

If we hadn't had the manufacturing base we did during WW2 and later during the cold war, we might well be living under Nazi or communist rule. I'm amazed that nobody seems to get that. Business seems to be determined to do what's best for them in the short term, and never looks at the broader picture ... despite being the very people denigrate anyone else "you don't see the big picture."

 

[Velo Vol]

If we hadn't had the manufacturing base we did during WW2 and later during the cold war, we might well be living under Nazi or communist rule. I'm amazed that nobody seems to get that. Business seems to be determined to do what's best for them in the short term, and never looks at the broader picture ... despite being the very people denigrate anyone else "you don't see the big picture."

That's capitalism. People don't seem to get that a person can't live on $7.25/hour, but here we are.

 

[AM64]

That's capitalism. People don't seem to get that a person can't live on $7.25/hour, but here we are.

Capitalism can be dog eat dog - no holds barred, or it can involve a broader thought process. We seem to have moved beyond people growing up in an industry and understanding the business from the ground up and how employees make it so to one run by business school majors with no experience and imbued with the simple thought of squeezing out the last penny in the short term and one of destructive capitalism where companies don't compete to be better, rather they seek to either absorb competitors or put them out of business. We seemed to have moved past the robber barons at one time, but apparently they are back in style.

Where you see that as the end goal of capitalism, I see it as capitalism run amok. I have no idea how you fix it, but our overbearing competitiveness and worship of the type A personality certainly isn't going help. We aren't going any place good if we only seek what I want or you want to the detriment of everyone else. Does that mean a minimum wage to match continuing wage escalation (often driven by unions) without matching productivity? Absolutely not; that's simply inflationary. It means looking at the long term rather than the short term. In the long term if you manage to kill the middle class, there is no future for your business.

 

[utvolpj]

That's capitalism. People don't seem to get that a person can't live on $7.25/hour, but here we are.

If you're working for min wage at this point it's by choice or you have physical/mental limitations. We have warehouse positions all over the country starting at double that and we can't fill them.

 

[Orangeburst]

Capitalism can be dog eat dog - no holds barred, or it can involve a broader thought process. We seem to have moved beyond people growing up in an industry and understanding the business from the ground up and how employees make it so to one run by business school majors with no experience and imbued with the simple thought of squeezing out the last penny in the short term and one of destructive capitalism where companies don't compete to be better, rather they seek to either absorb competitors or put them out of business. We seemed to have moved past the robber barons at one time, but apparently they are back in style.

Where you see that as the end goal of capitalism, I see it as capitalism run amok. I have no idea how you fix it, but our overbearing competitiveness and worship of the type A personality certainly isn't going help. We aren't going any place good if we only seek what I want or you want to the detriment of everyone else. Does that mean a minimum wage to match continuing wage escalation (often driven by unions) without matching productivity? Absolutely not; that's simply inflationary. It means looking at the long term rather than the short term. In the long term if you manage to kill the middle class, there is no future for your business.

I suggest everyone watch this fantastic interview to realize why Trump is fighting this trade war.

 

[marcusluvsvols]

Watched the whole thing. Learned much. Thank you for posting. Confucius centers on US campuses financed by the PLA? What?

Government documents saying of the 340,000 chinese students studying here a third to 2 thirds are likely intelligence operatives or assets? Chinese people working in defense weapons labs paid for by darpa..usaf...etc?

What the heck are we doing? Why has it gone on this long? Greed. That's it. More wall street and big Corp greed. Makes me sick

 

[AM64]

Watched the whole thing. Learned much. Thank you for posting. Confucius centers on US campuses financed by the PLA? What?

Government documents saying of the 340,000 chinese students studying here a third to 2 thirds are likely intelligence operatives or assets? Chinese people working in defense weapons labs paid for by darpa..usaf...etc?

What the heck are we doing? Why has it gone on this long? Greed. That's it. More wall street and big Corp greed. Makes me sick

A couple of people here really jumped on the new citizenship rules when the press were talking about how military kids born overseas might not be immediate citizens. A lot of what it boiled down to was that kids born to US citizens who never lived in the US wouldn't qualify. That probably goes back to the Chinese scam where they import soon to be mothers to the US to drop a kid, and the kid is granted US citizenship then lives in China and could continue to pump out US citizens ... made in China.

Why Chinese or a number of other foreign citizens are working in sensitive positions is beyond comprehension. Just plain stupid.

 

[Velo Vol]

Capitalism can be dog eat dog - no holds barred, or it can involve a broader thought process. We seem to have moved beyond people growing up in an industry and understanding the business from the ground up and how employees make it so to one run by business school majors with no experience and imbued with the simple thought of squeezing out the last penny in the short term and one of destructive capitalism where companies don't compete to be better, rather they seek to either absorb competitors or put them out of business. We seemed to have moved past the robber barons at one time, but apparently they are back in style.

My point is that when you boil business down to its essential element, it's making money for the owners--not national security or social goods or other things the general public wants.

 

[AM64]

My point is that when you boil business down to its essential element, it's making money for the owners--not national security or social goods or other things the general public wants.

I know, and that's fine in the short term. However, it's also like slash and burn farming compared to farming in developed countries where the the same ground has to be reused. You can easily win the battle (short term profit and greed) while losing the war (the ability to stay in business for the long term).

 

[NurseGoodVol]

If we hadn't had the manufacturing base we did during WW2 and later during the cold war, we might well be living under Nazi or communist rule. I'm amazed that nobody seems to get that. Business seems to be determined to do what's best for them in the short term, and never looks at the broader picture ... despite being the very people denigrate anyone else "you don't see the big picture."

I see it, if you tax someone to the hilt they leave. Have bottomed out America as far as having any decent manufacturing base.

 

[Orangeburst]

Watched the whole thing. Learned much. Thank you for posting. Confucius centers on US campuses financed by the PLA? What?

Government documents saying of the 340,000 chinese students studying here a third to 2 thirds are likely intelligence operatives or assets? Chinese people working in defense weapons labs paid for by darpa..usaf...etc?

What the heck are we doing? Why has it gone on this long? Greed. That's it. More wall street and big Corp greed. Makes me sick

Been going on for decades at private companies and governmental institutions. Bunch of thieves.

Arrest of Los Alamos scientist opens new front in crackdown on Chinese infiltration of U.S. labs

Wen Ho Lee - Wikipedia

 

[AM64]

I see it, if you tax someone to the hilt they leave. Have bottomed out America as far as having any decent manufacturing base.

That's very true, and the amazing part is that in the end it's not the company that really pays the tax. The tax just goes into the overhead and increases the cost of products causing countries with high corporate taxes to be noncompetitive globally. And the Dims still don't get it.

 

[Big Gucci Sosa]