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Old 09-15-2010, 08:07 AM
 
Location: 78747
3,202 posts, read 6,024,920 times
Reputation: 915

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Discuss.

 
Old 09-15-2010, 08:50 AM
 
Location: central Austin
7,228 posts, read 16,116,334 times
Reputation: 3915
Do I have to?

This issue is widely discussed on econ blogs of which there are many: Naked Capitalism, Econobrowser, Krugman's NYT blog. Mish, Jesse's, etc. The list goes on and on. Many by respected economic professors, anything we could discuss here would be weak tea. C-D is where I come when I am tired of economic debates!
 
Old 09-15-2010, 09:32 AM
 
99 posts, read 181,147 times
Reputation: 68
I heard this am that the Yuan is 50% undervalued. This is keeping Chinese made products cheap but, it costs everyone else jobs. The Chinese did throw a bone to the US congress by increasing the Yuan by a few percentage points. Doe anyone support a tariff on Chinese goods? This is going to be a tough one since the Chinese are keeping the US economy solvent via loans.
 
Old 09-15-2010, 09:54 AM
 
10,130 posts, read 19,893,911 times
Reputation: 5820
I guess I should go ahead and get that blu-ray player now. What will happen to Wal-Mart when their prices become more expensive than other stores?
 
Old 09-15-2010, 10:09 AM
 
Location: 78747
3,202 posts, read 6,024,920 times
Reputation: 915
Quote:
Originally Posted by atxcio View Post
I guess I should go ahead and get that blu-ray player now. What will happen to Wal-Mart when their prices become more expensive than other stores?
They will have to close down some stores, hopefully starting with the one at Southpark Meadows (good riddance) and replace it with a gym of some sort, so I don't have to drive to Mopac/Cannon, but I digress. Perhaps if Chinese made goods disappear, more of us will be able to distinguish the difference between art and decoration, and have a better appreciation and better perspective about our worldly possesions.
 
Old 09-15-2010, 10:40 AM
 
Location: The Republic of Texas
78,863 posts, read 46,690,714 times
Reputation: 18521
Quote:
Originally Posted by Muzzle of Bees View Post
I heard this am that the Yuan is 50% undervalued. This is keeping Chinese made products cheap but, it costs everyone else jobs. The Chinese did throw a bone to the US congress by increasing the Yuan by a few percentage points. Doe anyone support a tariff on Chinese goods? This is going to be a tough one since the Chinese are keeping the US economy solvent via loans.


I'm all for the tariffs that made us the powerhouse in the roaring 20's of the last century.

We need to put our citizens back to work. Tariffs are the only way to possibly do that, in the numbers we need to once again be a strong self sufficient nation.

Bill Clinton and the 2000 signing of China into the WTO put the nail in the coffin of the US economy. Jobs and industry have blown out of here, to locate in cheap labor nations, with no penalties for abandoning the US worker.

Free trade is not free, when All other countries export more here, than we do there, to make it equal.
 
Old 09-15-2010, 11:25 AM
 
Location: Austin, TX
308 posts, read 1,468,586 times
Reputation: 64
I would think the US congress keeps pushing the Chinese to increase the Yuan to reduce the loans....I remember Jay Leno said in a Saturday Night show that the future US president need to be able to speak Chinese to be able to answer the debt collecting calls
Quote:
Originally Posted by Muzzle of Bees View Post
The Chinese did throw a bone to the US congress by increasing the Yuan by a few percentage points. Doe anyone support a tariff on Chinese goods? This is going to be a tough one since the Chinese are keeping the US economy solvent via loans.
 
Old 09-15-2010, 02:02 PM
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Location: Ohio
17,107 posts, read 38,136,542 times
Reputation: 14447
With no discernible mention of Austin anywhere other than the title, this thread is off topic here. Thread closed.
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