It doesn't matter who owns the assets. You can get capital to build a plant anywhere. What matters is where the plant is,
More Quotes from Peter Morici:
China's purchases of dollars create a 33 percent subsidy on its exports, and are having a devastating effect on U.S. workers with only a high school education or only some college or technical training, ... Were foreign governments to stop manipulating currency markets, the trade deficit would be cut in half. (That) would increase GDP growth to about 5 percent a year and create as many as five million additional new jobs over the next three years.Peter Morici
GM's 'employee discount' promotion established GM can sell vehicles if it sets prices at what consumers are willing to pay and makes those prices clear. Unfortunately, the public is not willing to pay what it costs to make GM cars and trucks.
Peter Morici
Stagflation is rearing its ugly head, ... Slower consumer spending and disappointing business investment are causing slower growth, high unemployment and wages that lag inflation.
Peter Morici
Overall inflation is under control and should moderate as we move through the summer.
Peter Morici
The reality is across sectors and across regions the picture is very mixed. The auto sector is not only troubled, but becoming more troubled,
Peter Morici
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