What is worrisome about that is the U.S. standard of living. I think it is very difficult to envision our standard of living being preserved if we're in an economy where all people do is flip hamburgers, wait on people in stores and sue each other. It's not much of a basis for an economy.
More Quotes from Wilbur Ross:
Everybody knows that this wonderful house of cards is going to collapse at some point and everybody is nervous that this kind of situation, as we are seeing in Asia could be the precipitating event.Wilbur Ross
There will be cutting and assembly, but not by us. The cutting and sewing people will be owned by separate companies, our traditional customers.
Wilbur Ross
I'm very much in support of it. The industrial logic of the deal is impeccable.
Wilbur Ross
We are still in the early stages here. Almost every day, there is another supplier filing for bankruptcy. We are continuing to make acquisitions.
Wilbur Ross
The increase in our positions (in the three companies) shows our conviction in the prospects for these holdings. We are delighted with our positive working relationships with each of the management teams.
Wilbur Ross
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