Re: "one of the most challenging times ever seen in the history of the marine industr
I hear you. See the point you are making. I don't see a problem with having more money than I know what to do with or having a difficult time disposing of it. If that is what we are evolving toward (which isn't the case) then all manufacturing will go overseas and we still will be a hungry market for all those goods.
More history about Russia. They do still have a robust manufacturing sector, but what they make is generally of poor quality and therefore kept in their borders. They can't compete on quality selling that stuff outside of Russia. Russia has not yet developed such a strong of a consumer market for imports. It's happening, but slower than the income growth of its minority millionaire class. That is what is making it difficult to get the good stuff. Supply and demand. There is little demand there currently. We will always have strong demand here.
So back to the point. What if all of our manufacturing went overseas and quality was maintained and prices dropped? Would you buy and sell it? I would. We already are.
That is my point that Russians has to import all of their "good stuff" There is far more demand than supply for goods such as automobiles. If they had a robust manufacturing sector in the past such as the US, do you think they would be importing so much or would they be building their own? I am in the car business and every day I am in contact with 4 to 5 Russian importers and they will pay me $10000 to $15000 over MSRP for certain new model vehicles that have a MSRP of about $60000. They simply have more money then they known what to do with because they have a difficult time disposing of it. They cannot import fast enough to satisfy their demand. That is what I do not want for this country. Maybe this clears up my meaning of my post.
I hear you. See the point you are making. I don't see a problem with having more money than I know what to do with or having a difficult time disposing of it. If that is what we are evolving toward (which isn't the case) then all manufacturing will go overseas and we still will be a hungry market for all those goods.
More history about Russia. They do still have a robust manufacturing sector, but what they make is generally of poor quality and therefore kept in their borders. They can't compete on quality selling that stuff outside of Russia. Russia has not yet developed such a strong of a consumer market for imports. It's happening, but slower than the income growth of its minority millionaire class. That is what is making it difficult to get the good stuff. Supply and demand. There is little demand there currently. We will always have strong demand here.
So back to the point. What if all of our manufacturing went overseas and quality was maintained and prices dropped? Would you buy and sell it? I would. We already are.