[expat_panama]

The article includes the following--

In the face of rising protectionist sentiment and the erection of barriers to the import of the goods that GE makes, the company might have to look at localizing production where relevant.

--and this suggested to me that the writer may know more about business than communicating.   Translating from biz speak into English it means protectionists hike up import taxes so GE can no longer import raw materials for their factories that make goods for export.   That means they have to close thier U.S. factories and open new ones in places where taxes are lower.  That's when protectionists complain about evil exploiting capitalists shipping jobs overseas and call for more import tax hikes followed by more factory closings.

The beatings will continue until morale improves.

[bert]

The imposition of global government will never happen

The increase in trade by companies with markets all over the globe will continue so long as it is profitable. Having a sales office in Singapore or Switzerland is today not much different than if it was located down the hall.

Almost none here recognize the importance of American Standards on trade across the globe. ASTM and ANSI standards are learned by heart by engineers everywhere as they go about their daily business. The parallel EU and to a lesser extent JI standards are sometimes in conflict but the people working with the specific standards know how to negotiate the problems.

For Example, the GCC trade block realized that to facilitate trade across but within their borders, they needed to develop standards. That is precisely what they did. The pretty much adopted wholesale various ASTM and EU standards with little change while inserting specific needs. GCC is Gulf Cooperation Council composed of Kuwait, Saudi Arabia, Bahrain, Qatar, The UAE and Oman

ASTM is American Society for Testing Materials. ANSI is American National Standards. EU is European Union Standards

[expat_panama]

Happy Friday everyone!  the rally continues as the IBD distribution count dwindles down further and further --it's now just NASDAQ 2 and S&P 5!  On top 'o that trade yesterday was lite for our modest drop.  Futures however are pessimistic looking forward seeing stock indexes -0.32% even while metals are seen +0.13% (gold, silver powering up to $1,269, $17.34).

Later we get our morning's Mich Sentiment along w/ this afternoon's Treasury Budget.

Ya got to see this stuff:

Stocks Are Dangerously Expensive Now - Anthony Mirhaydari, Fiscal Times
Investors Are Much Gloomier Than Facts Justify - Simon Constable, TSC
How Soros's Latest Predictions Have Played Out - Simone Foxman, BBW
Will the Fed Raise Interest Rates? Who Really Cares? - John Tamny, IBD
Monetary Policy Has Never Learned from Its Mistakes - Jeff Snider, RCM
Don't Listen to GOP: Economy's Fine - Catherine Rampell, Washington Post
Paul Krugman Has Gone Too Far This Time - Kevin Dowd, Adam Smith Ins.
How the Wall Street Journal Has Lost Its Mind - Reihan Salam, Slate
Ronald Reagan's Trade Lessons for Donald Trump - Todd Buchholz, USAT

[odawg]

“Generalizing from the particular is one of the biggest — and most common — mistakes analysts make.”

So, therefore, according to this writer, just because the United States is being de-industralized because of globalization, that doesn’t mean globalization is a bad thing.

[Diana in Wisconsin]

And just wait until Hillary! starts, ‘helping’ our economy!

Keep your powder dry, Folks. ;)

[Chaguito]

Immelt may have noticed that the standard of living in developed nations will decline more rapidly than that of poor nations in a globalist environment. He may have had a night vision of himself hanging from a light post.