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To: bray
You may not be factoring the foreign investment money coming into the states for new factories. This is still the safest place to put your money as long as Trump is in office.

MU a large chip maker mostly based in the U.S. - Stock is dropping like a rock, chip sales are down. Phone sales are dowe- again no need for Chips, no need for chip factories at the moment. Relocating Apple's phone factories from Chine (~150,00 employees) will take two/three years as an example.

Steel - Not many are buying Chinese steel - cannot be trusted to be to spec, most Power/Petrochemical and other oil refinery units in U.S have specifications excluding the use of Chinese steel. - So maybe some steel mills will re-open.

European Car plants in the U.S. - there may be one additional planned/proceeding - Fiat/Chrysler.

Aside from that the only things I see going forward are LNG plants that require GE(Going Bankrupt) turbines/compressors - many can be sourced from Italy. Some structural steel and Pipe Steel (US or more likely South Korea, possibly India).

Pharmaceuticals - I do not see anything there - last waive was in the 1990s and those were build in Porto Rico - Tax breaks.

Car sales are slowing down - Ford layoffs - large discounts on new cars.

To me it looks very much like 1983/4

155 posted on 05/26/2019 11:37:30 AM PDT by DanZ
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To: DanZ

“To me it looks very much like 1983/4”

You mean when the GDP growth rate was 4.6% and 7.2%? God forbid that would be horrible! lol 13 million jobs were created from ‘83 to ‘86 and home mortgage rates fell to 9% from 15%. You are talking one of the greatest boom times in our history thanks to the Gipper. Of course the Rat house spent like drunkin sailors.


165 posted on 05/26/2019 12:46:52 PM PDT by Kahuna
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