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Old 12-23-2007, 10:22 AM
 
1,530 posts, read 3,781,573 times
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Let's look at this weak dollar / strong dollar thing for a moment. Whether it's good or bad depends on what side of a trade you are on.

If you are exporting from the US you want a weak dollar to get as many dollars for your goods as possible. If you are buying materials for your factory, you want a strong dollar to get as much for as few dollars as possible.

So as always, it's not a question of "is the market right or wrong" but rather, "are you on the right side of the trade".

And that, in a nutshell is the problem with valuations based on the poker games played in trading pits. I forces us all to be speculators, and of course encouranges the game playing.

And of course speculation is a rich man's game. You have have enough wealth to buy when things are low, and be able to wait until they are high. And/or enough clout to cause fluctuations that can be taken advantage of.

Would be nice if some genius could come up with a better way so that we could all just aim at the life we want and not have to play or be affected by these games.
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Old 12-23-2007, 10:35 AM
 
Location: Arizona
5,408 posts, read 7,779,474 times
Reputation: 1198
Quote:
Originally Posted by doc1 View Post
I would have never guessed that to be true. I alway assumed it was done to placate the US when we make threats of protectionism against those countries that make it hard for US companies to enter their markets.

Interesting.
Well yea, this is part of it. I was trying to be kind of tongue in cheek to tie in to the weak dollar discussion...There are laws in the United States that require x percentages of the auto to be manufactured and/ or assembled in the United States. And having the final assembly close to American markets is a bonus. There would probably be more if it were not for the increasing health care burdens they have to assume for american workers.
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Old 12-23-2007, 12:33 PM
 
Location: Sacramento
14,044 posts, read 27,145,312 times
Reputation: 7373
You can buy shares of Honda and other vehicle producers, allowing US citizens to share in the profits (and pay taxes to US gov't):

http://quote.fool.com/summary.aspx?s=HMC
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Old 12-23-2007, 04:27 PM
 
Location: By the sea, by the sea, by the beautiful sea
68,297 posts, read 54,132,753 times
Reputation: 40606
Quote:
Originally Posted by JMadison View Post
But both are BS. When I purchase something labeled BMW, or Toyota, or GM, etc. I want it built in the country and factory where the workers are commited to that brand.

This isn't a recent development, GM has been building US market cars in Canada for years. It becomes a question of which is an American car, a Chevy made in Ontario or a Honda made in Ohio?
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Old 12-23-2007, 09:08 PM
 
20,250 posts, read 19,821,292 times
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Quote:
Originally Posted by burdell View Post
This isn't a recent development, GM has been building US market cars in Canada for years. It becomes a question of which is an American car, a Chevy made in Ontario or a Honda made in Ohio?
Reminds me. A friend would kid me about my wife buying a Honda (built in Ohio) until I pointed out that his all American, Ram Tough Dodge PU was built in Mexico.
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