Thursday, June 16, 2005

HARPOONING BOEING

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Moby Dick America

Last month, Boeing was boasting about landing more Chinese contracts. The trade deficit was declared much lower thanks to this and the news was trumpeted far and wide as if the Apocalypse Angels were blowing away. I was more dour and noted that the contracts can be easily cancelled and the problem here is the Chinese will eventually refuse to pay for Americans building what they should be building and the end game will be for them to demand Boeing build factories in China.

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