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To: papasmurf
If we hadn’t shipped our manufacturing overseas, we probably would not have had such a downturn. JIMO.

Probably not. In the last 40 years the world built an extremely efficient logistics system, that truly is a wonder of the world. However, it is based on a few assumptions, like labor arbitrage and cheap fuel. Any long term dislocation, and global trade can be permanently altered, to the downside. I do believe that global trade peaked in 2007, at least for 10-20 years. I believe the new model of commerce will be highly local production, but distributed knowledge.

7 posted on 07/08/2009 6:08:35 PM PDT by Vince Ferrer
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To: Vince Ferrer

I shuttered my Carrier and Brokerage 3/10/08. I knew, full well, what my costs were. LOL


8 posted on 07/08/2009 6:13:26 PM PDT by papasmurf (Save us from 0bama, I prayed. Then I heard, "the 2nd, I saved")
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