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Detroit screwed itself because of bad management. The good news is that globalization, as I have pointed out, will probably save it's sorry rear...

I have read no evidence of this. If all the good jobs are leaving our shores, why isn't there decent evidence for it? There's several hundred Economics' graduate students who would love to write a paper on that one but they don't because there is nothing to back that up. What there is...

All this proves is that we're in a recession or near recession. Our GDP slows, credit slows to a trickle, foreign capital as well. In the meantime, other economies in the G8 have not had the same slowing, esp Canada, Russia, etc. Why are we in a recession with tight credit? Greenspan not...

Yes, look at Hasbro: sales are weakened domestically. But NOT because of foreign competition or outsourcing or any similar thing. Quit looking to blame some guy with different skin color - of course I don't really know your skin color but am just making a point - to blame your problems on...

Btw, I don't think that this isn't going to last much longer: overseas markets are tanking. Many, many overseas stocks are going to Weinstein's Stage IV if you know what I mean. It looks our banking and governmental leaders may take the rest of the world down. But, again, this is probably...

No offense taken - I don't even remember what was said. I'm just pointing out that the most important proof of all that you are saying is sales and revenue. If you showed me how the majority of our SnP compies were getting their butts handed to them I would say you have a good point. But...

Same thing with shoes, right? If there's any business we ought fail miserably in, it's shoes, eh? Well, Nike is outrunning the Asian competition - no pun intended. http://seekingalpha.com/article/57883-nike-beats-on-strong-international-sales Nike (NKE) reported its second-quarter 2008...

I think the only hope is that some countries will stay and/or go low tax which will create competition for government tax rates since some people/corporations will actually renounce citizenship and/or move offshore. Eventually, it would seem any way, even governance has to get competitive?

For anyone that is int'd, it looks like Big Government is increasingly cracking down on tax havens. The havens are slowly giving way in order to join up with the global economy. See below for what has happened in Europe and Panama...

Great article. Thx. Did you Mobius has Templeton primariy in Brazil and has done quite well with his fund? http://www.guardian.co.uk/money/2006/jul/01/moneyinvestments.unittrustsoeics One thing is clear - investing in emerging markets is classic rollercoaster territory. So how has Mr...

Let them make hosiery and plastic toys and textiles. We are exporting high tech (and creativity and marketing). Yes, what I wrote is an exagerration. But the concept is true. Our high tech companies are simply the best: global leaders and they have to come to us...

Sorry, but I really think you're living in a non-existent world - a world from bygone days that can no longer be. There is no way to pretend that we don't have to compete globally. If we put tariffs on, other nations will put tariffs on us. And in the meantime the rest of the world will be...

I agree in the principles you're outlining and I think it's disgusting and another great example of the completely useless and inept governmental leadership. But, all of that said, I'm just saying that it's a relatively minor effect in the big picture. Someone in Europe will still buy our...

We don't need more imports. We need more exports. If we're going to survive in 2010 and beyond, we've got to become an exporting powerhouse. And it's not going to happen with door-shutting tariffs and an inflated dollar.

This is a drop in the bucket of the currency markets.

Other countries will follow suit. And that will kill the only part of our economy that is going well...

I've never bought that if you're talking about the gen. acct type budget deficit. Read libertad's post above. That's the kind of thing that really moves the money.

No thank you. Give me the leaders in Ireland that lowered their corporate tax rates.