09/10/2007

Buy American

Hello:

The dollar hit a 15 year low on the global currency exchanges recently. That makes it difficult for foreign manufacturers to compete with the prices of American made goods. This weekend, we noticed that the price of web friendly phones made in Northern California were priced dramatically below their South Korean made competitors. Also, we noticed that Southern Californian produced LCD Flat Screen TV's were priced at less than half of the price of the competing products produced in Japan.

Not only do domestic manufacturers sidestep the currency exchange issue, but also they save dramatically on the price of shipping. Perhaps, if the dollar continues to drop for a few more years, foreign companies will outsource their manufacturing to the USA. Wouldn't that be a turn of events?

Terri G. Millson, CIMA, CIMC President

Ray Dicius, CSA, GEPC LPL Branch Manager