Hard times in the land of plenty
So the Yen was revalued up 2.2%, which is at least 30% lower than it should be. This week there have been three big layoffs announced, HP, Kimberly Clark, and one other one that escapes me at the moment.
So with Chinese money still artificially under-valued, don't look for much in the way of manufacturing to be returning. China fears it will lose business to other LCE's if they were to make any dramatic changes, and they are probably right.
The future looks a bit bleak at the moment, we are losing competitive edge, we have a massive trade deficit, and all the LCEs are gaining technical skills.
This administration scares me by not embracing the scientists. Remember how the scientists (some of them German) saved our asses in WWII. Science is a good thing.
This is the worst post in the history of the Minter blog.
So with Chinese money still artificially under-valued, don't look for much in the way of manufacturing to be returning. China fears it will lose business to other LCE's if they were to make any dramatic changes, and they are probably right.
The future looks a bit bleak at the moment, we are losing competitive edge, we have a massive trade deficit, and all the LCEs are gaining technical skills.
This administration scares me by not embracing the scientists. Remember how the scientists (some of them German) saved our asses in WWII. Science is a good thing.
This is the worst post in the history of the Minter blog.
posted by Robert_M at 8:37 AM
2 Comments:
I disagree that this is the worst post in the history of the Minter blog. When you mention science, there's always the possibility that you'll get a response from the great and mysterious K. And when K responds, it automatically becomes a worthy post.
When I respond, it's usually so I can kick a shout out to 2 Live Crew.
Getting K's take is a good thing. Tru dat
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