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Hi Michael,

I was not aware of that trend with U.S. exports which is very interesting indeed. I think a lot of people who complain that the U.S. imports too much from China don't realize that it was U.S. innovations in technology and industry that allowed those countries to get to where they are in the first place. It will be interesting to see what areas of U.S. exports pick up with the lower dollar. Productivity and exports are already at record highs here, and it should definitely continue to get a boost with the lower dollar.

I absolutely agree with you that looking for the suppliers/innovators is the way to go. And in the investing world, those types of companies tend to go unnoticed by Mr. Market creating good investment opportunities. It's why I like a company like Landec who has a quality product that they've been developing for years that may entirely take away the need for ice in food shipments. Businesses want to save money, and in the long run technology innovations and improvement is the best way to increase efficiency and cut costs.

Another business that was along these lines with Navteq; you heard of them? They actually supplied the map data to places like Garmin, Yahoo!, Google, etc., and it was my best investment (I think it's been my best-performing investment to date). Unfortunately, Nokia is in the process of buying them out today. I guess you could say Navteq supplied the data to Garmin whose expert programming transformed the GPS into a great device.

If the U.S. smartened up and lowered the corporate tax rate, I think we'd see a boom in exports pretty quickly. Even with our high tax rate our exports and production are at record highs, I can't help but think if you brought that tax rate down you'd see a burst in productivity and new businesses. But that's getting away from the main topic.

PS: What business is your Dad in?

Not your typical, everyday business: meditation benches. Here's his web site:

By normal standards it's a pretty small business, but over the past couple months it's been picking up at a very quick rate. And the lower dollar has, most likely, helped with international orders as well. Two weeks ago he got an order from Hong Kong and just recently he shipped one out to Sweden.

Anyway, I'm curious to see what happens with this all and how it boosts the economy. It certainly isn't being mentioned by the media or too many analysts either as a potential boost, so they may be in for a nice surprise. :-)


David K
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