Chinese Stock Market Also Took A Dump Today

Discussion in 'Stock Market' started by WillPower, May 13, 2019.

  1. JoeB131
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    JoeB131 Diamond Member Supporting Member

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    What are you doing buying a Volvo made in China? Aren't you kind of the problem?

    I'm on my fifth car in 35 years. All "American" cars from Ford. (Although one of them was assembled in Mexico. Ironically, it was the most durable, lasting me 14 years)

    My first car was an American made Chevy Chevette. It had a sewing machine for an engine and broke down on a regular basis.
     
  2. JoeB131
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    JoeB131 Diamond Member Supporting Member

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    Okay, this is kind of in the right direction. SO how did we lose that edge.

    Well, after WWII, we had a huge advantage, in that we were the only country whose major cities weren't reduced to rubble. The thing that happened was our manufacturers got complacent. While the Germans and Japanese were devising ways to make things cheaper and better, we kept doing the same things we were always doing.

    So while guys like my Dad would never have bought a Japanese car because he was still pissed off about Pearl Harbor, people of my generation maybe bought that Chevette or that Escort or that Pinto, which turned out to be a piece of crap as a starter car, before moving on to a Toyota or a Volkswagen that turned out to be pretty reliable.

    "I know. Let's cut the wages of the guys assembling the cars! That'll do it!"
     
  3. Cellblock2429
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    Cellblock2429 Gold Member Gold Supporting Member Supporting Member

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    /——/ The putative environmental regulations, labor laws and tax burdens pushed the manufacturers overseas.
     
  4. Cellblock2429
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    Cellblock2429 Gold Member Gold Supporting Member Supporting Member

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    /—-/ I gave an example of the fluctuations in the market and how investors take advantage of it. Apparently you think the markers should be perpetually moving up. I doubt you invest much. Now run along and play with your friends.
     
  5. AzogtheDefiler
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    AzogtheDefiler Gold Member Gold Supporting Member Supporting Member

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    I am Kicking myself because I didnt research Enough. I thought it was Swiss made still.
     
  6. Cellblock2429
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    Cellblock2429 Gold Member Gold Supporting Member Supporting Member

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    /----/ I have 2 Volvos and there were never made in Switzerland. And what difference does it make when the parts used to build them are manufactured all over the world?
    Where Are Volvos Manufactured?
    Most of Volvo's vehicles are produced in Sweden, where the company was founded. Other countries that produce Volvo vehicles include Belgium, Malaysia and China..
     
  7. The Banker
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    The Banker VIP Member

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    Cheap labor cost pushed the manufacturers overseas, they pay the workers 10-25% what they pay US workers, which produces massive savings.

    No US worker will work for $3/hour.

    You seem to incorrectly think the the US is stronger with more minimum wage jobs. False, the US is substantially wealthy and stronger with more high paying advanced jobs. If your job skills are on par with some illiterate in a 3rd world country you have a problem, and that is your own fault.

    Would you rather pay $40k for a car or $43k? $80 for an air conditioner, or $150? That's a no-brainer- have fun trying to win that argument...
     
  8. Cellblock2429
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    Cellblock2429 Gold Member Gold Supporting Member Supporting Member

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    /----/ 'No US worker will work for $3/hour.'
    EXCEPT FOR THOSE WHO WILL. WAITER'S, BARTENDERS, AND COMMISSION SALES PEOPLE.
     
  9. The Banker
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    The Banker VIP Member

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    Seriously, that's your great retort?

    That doesn't even make sense and isn't even relevant to the discussion. Maybe you want to try again, perhaps you should ask somebody for help?:290968001256257790-final:
     
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  10. Cellblock2429
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    Cellblock2429 Gold Member Gold Supporting Member Supporting Member

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    /——/ Yes, I just shot down your not so clever claim no one will work for $3 and hour. Oh and non exempt management who puts on long hours.
     

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