Re: How will the subprime crisis ultimately affect our country?
People say it makes our goods more attractive overseas, but what exactly are we exporting that can be so attractive to other countries. Certainly we have some raw materials and agricultural goods. But other than major capital goods, cars planes machinery, what else are we really exporting? Almost everything we buy in the US comes from outside this country. Thats the paradox that I am not understanding.
BTW, I work for a manufacturing company and we do export our goods, however I think for our discussion at hand, this is irrelevant.
As far as I can tell, many of the goods that are made here, by multinational manufactuing companies, can be moved to other countries, if the low dollar value affects their exports (IE semiconductor companies).
|