Quote:
Originally Posted by Speedfreak
Capital goods(Farm equipment/heavy machinery) are now coming from outside the U.S.. I know of Korean, Thai, Indian, Chinese, and Malaysian companies taking this industry by storm. It is a world market, we do not "own" any of them any more.
If we are losing market share in all "our" industries, how long is our Federal reserve going to keep us going?
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John Deere just purchased the largest tractor manufacturer in China. The Deere foundries in Waterloo and Silvis, IL used to carry now a substantial portion of the casting in Deere's agricultural division, now it's mostly done in Mexico and China.