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[xanadu90]

GM Stock Lobster. I have not yet looked into the news about GE, but it caught my attention because GE has been a kind of an icon of Western economy to me. Does this mean that the globalization (= Asia) is beginning to shake GE too!

Barry Roglio's shipyards report showed even clearer that Korea and China (over 3000 shipyards!!) have wiped away the European shipyards. Shipbuilding was a big basic industry in Europe - and now we have left only 2-3 yards, only building luxus cruisers and yachts because Asia has not had the skills and knowhow to build these kinds of vessels. I don't think it will take very long before the Chinese and Koreans have learned those skills, too.
They are dangerously ambitious and disciplined.