So, Infrastructure and industrial trade.
I've ignored this trade, seems so transient...
But... so many bridges.. ETC need work....
also, If you live on the East coast, and had any idea about the condition of your water system... You would never touch the stuff. Those pipes were laid in the 1800's.
of course.... it would be nice to double the amount of "power" and fiber we have.
Funny how supply siders don't believe in spending on infrastructure and education...
since it's much easier for business to operate when there is a strong infrastructure and an educated population.
Friday, January 2, 2009
Obama trade
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2 comments:
Infrastructure is a no-brainer and I don't see it as being that transient.
There is a lot of build out that is needed here and in the third world.
Couple that with the devaluation of the world's currencies and the hammering that IYM has taken...
FCX and JCI look technically better than CBI, CPSL, MTW and ITW.
As much as I give you Props...
sometimes you don't seem to follow the business cycle.
See.. the global economy needs to grow, for us to be able to afford to build cities.
We can "print money" to do some building, but even a trillion dollars of stimulus, is nothing compared to the infrastructure build from legitimate global expansion.
Which is why I suggest that it's Transient.
If your looking at them, look at KDN
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