“The essence of protectionism is unfair trade. Politicians — Republicans and Democrats — and many, many public company CEOs miss that. I use the axiom that we enjoy the fruit of foreign protectionism, say cheap foreign steel, and they quietly move the root [system of production]. My line is — and I’m not trying to be a poet here — pretty soon, they’ll have the root and there’ll be no more fruit. American CEOs and investors and companies enjoy the cheap price. But someday that fruit will run out. It will run out in one of two forms. They either won’t supply us for some geopolitical reason. Or they’ll supply it at much [higher prices] than they do today. We get good [financial balance sheet] numbers today. And we’re happy. But during the dark of night, the Chinese Communist Party dictatorship is displacing the entire root system of American manufacturing and technology. Our factory workers are strong middle-income earners. Now we’re creating a world that is service- and technology-oriented. Factory jobs in America are what fuels the middle class, and they’re leaving.“
China is a bit like Amazon. We are all lured to the amazon by cheap prices. Once Amazon has soaked up enough consumers then the small (and large) retailers go out of business - unable to cope with the discounting by Amazon. Eventually Amazon can dictate the price and what is available to be sold. The consumer then loses out both on price and choice. Competition is healthy. Ceding manufacturing to China to the extent that it is today is probably not healthy for a vibrant competitive market. The US is not the only place in the world in this predicament. It is a global problem.
Trump may get a better deal than we have now, but he he will not be able to solve the problem. Dealing with the Chinese can only be done from a position of strength, and because one party is more interested in impeaching Trump, he will not be able to deal from that position. Hopefully he will do better than the weak knees of Bush and Obama.
www.foxnews.com/politics/trump-delays-china-tariff-hike-announces-xi-summit-citing-substantial-progress-in-trade-talks "We're doing very well with China," Trump told an assortment of governors at the White House for a black-tie event Sunday evening. "If all works well, we’re going to have some very big news over the next week or two, and it’s really been terrific. We’ve put ourselves into a position of strength for the first time in about 35 years or probably a lot more than that, but China’s been terrific. We want to make a deal that’s great for both countries and that’s really what we’re going to be doing."
sponge: Regarding the future of VR, I think it will be huge. I was a gamer when I was in college. But as an adult I lost interest. Last fall I flew up to visit my son at college and check out his new Vive set up. After playing with it for the weekend, I was
Apr 29, 2018 15:25:17 GMT -5
galleybob: thanks for your answer. I will copy and send to her
Nov 7, 2017 15:32:18 GMT -5
rickag: So since Jan 28th 2015 AAPL is up from 117.27 to 157.21
Aug 21, 2017 20:09:43 GMT -5
artman1033: VXAPL = 29.21 AAPL = $117.27 AFTER EARNINGS
Jan 28, 2015 14:54:46 GMT -5
artman1033: VXAPL = 44.94 AAPL = $110.39 BEFORE EARNINGS
Jan 27, 2015 11:12:53 GMT -5