Time man of the year

[spence]

Developing nations consume our products and technology and put Americans to work.

Globalism 101.

Read up Jim.

-spence

[Jim in CT]

Originally Posted by spence

Developing nations consume our products and technology and put Americans to work.

Globalism 101.

Read up Jim.

-spence

Spence, I am laughing so hard I'm tearing up.

Those developing nations are buying our products? OK. That explains our massive trade surplus, our record-low unemployment, and the resurgence of the US manufacturing structure, and all the new factories being built here!

I have to get some tissues to wipe my eyes...

At least you made it through a few sentences without calling me a 'hater'.

[Swimmer]

TimeWarner is run by Henry Grunwald who last I knew was a devout Reagan republican. Grunwald was in fact made the ambassador to Austria I believe during Reagan's term in office. However, I think that Time is subservient to the liberal side of polictics. Grunwalds daughter, Mandy, has been involved in democratic politics for years as an operative for one elected official or another. Mandy is in fact Senator elect Elizabeth Warren's chief of staff. Grunwald was working for the dem's in Washington and was sent by the party to Massachusetts with Warren to do whatever she had to do to help get Warren elected. It is an interesting aside to this deal. The Grunwald's own at least two properties fronting the water just north of the Tashmoo opening on the Vineyard. I knew who she was from there, because a dear fiend did work for the family. I once jumped her jeep, so she and her brother could make the ferry. She did offer a twenty, but I turned her down. She also authored at least one children's book to good reviews.

[spence]

Originally Posted by Jim in CT

That explains our massive trade surplus, our record-low unemployment, and the resurgence of the US manufacturing structure, and all the new factories being built here!

Trade deficits are largely a function of domestic consumption. When the Bush economy was ballooning via credit we imported more, during the recession less. I'd think that as household discretionary spending increases in emerging markets the fact that much production for these goods is already overseas would benefit local producers faster.

Though, as we've discussed before, US manufacturing in many sectors is doing quite well, especially areas like heavy machinery and commercial aviation. The challenge is that factories are more productive via technology rather than people.

A global slowdown will hurt these US exports more than anything as the companies derive increasing % of revenues from emerging markets...the EU is pretty flat.

Remember, that new office park in Shanghai is probably being built with gear from Caterpillar.

-spence

[Jim in CT]

Originally Posted by spence

Remember, that new office park in Shanghai is probably being built with gear from Caterpillar.

-spence

Spence, in these developing nations you speak of...office parks are going up, houses are being built, roads are being built, cars are being purchased. All of that requires energy, all of that increases the environmental footprint that mankind leaves on the planet.

Do you think that development is a good thing, or a bad thing?

You seem to be saying that development is good, even though it results in a huge increase in energy consumption. If that's OK with you, then why shouldn't we tap into the massive natural gas resources that we know we are sitting on? That would put Americans to work, right?

If energy exploitation is good in other countries (to support their development), why don't liberals support that same concept here?

[fishbones]

Originally Posted by spence

Remember, that new office park in Shanghai is probably being built with gear from Caterpillar.

-spence

Actually, it's probably not being built with gear from Caterpillar. Most likely, it's being built with equipment made by Sany or LiuGong (both Chinese) who both have much higher sales than Caterpillar in China.

Sometimes I wonder if you just say stuff and hope no one calls you out on it, or if you really are that dense? I'm pretty sure you're not that dense.

[spence]

Originally Posted by fishbones

Sometimes I wonder if you just say stuff and hope no one calls you out on it, or if you really are that dense? I'm pretty sure you're not that dense.

Heavy equipment in the US sells a lot to China and other emerging nations...that's not to say they don't have competition.

-spence

[fishbones]

Originally Posted by spence

Heavy equipment in the US sells a lot to China and other emerging nations...that's not to say they don't have competition.

-spence

We'll leave other countries out of it because you specifically referred to China. Caterpillar has a very small market share in China. The Chinese companies are much more prevalent, and the Japanese companies have a greater market share than Caterpillar. Stop responding with your jibberish, vague, non-answers.

[spence]

Originally Posted by fishbones

We'll leave other countries out of it because you specifically referred to China. Caterpillar has a very small market share in China. The Chinese companies are much more prevalent, and the Japanese companies have a greater market share than Caterpillar. Stop responding with your jibberish, vague, non-answers.

I believe CAT has at least 12 manufacturing plants in China and over 8,000 employees. It represents a substantial part of their growth strategy.

These investments have a big impact on jobs in Peoria. The net is that any way you shake it, development in emerging markets has a big impact on the US economy...

Perhaps you should sub out your googling to ScottW

-spence