Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
If China started to freely float its currency it is actually going to make things a bit harder for Americans though may improve some aggregate measures. But the current path is unsustainable so the sooner it gets fixed the less damage.
If China started to freely float its currency it is actually going to make things a bit harder for Americans though may improve some aggregate measures. But the current path is unsustainable so the sooner it gets fixed the less damage.
Here is an interesting take by Paul van Eeden and Jim Rogers. I heard the replay only once on the TV last night while multi-tasking, so I may not have heard it right. It seems that they think that China should devalue yuan. China's GDP include unsold inventory sitting in the warehouses. Here is the video:
Midday Markets : March 18, 2010 : What Jim Rogers Would Buy With $100K - Part 1 [03-18-10 12:10 PM] BNN Video Player
Trading Day : March 18, 2010 : China in a Mess [03-18-10 2:05 PM]
What's wrong with the Chinese economy? A look at why investors should not count on China to serve as the foundation for global economic stability, with Paul van Eeden, president, Cranberry Capital. He says "no matter how you slice it, the economy of China is a real mess."
Trading Day : March 18, 2010 (http://watch.bnn.ca/trading-day/march-2010/trading-day-march-18-2010/#clip278014 - broken link)
China warns US against sanctions over currency - Yahoo! Finance (http://finance.yahoo.com/news/China-warns-US-against-apf-2448997968.html?x=0&sec=topStories&pos=3&asset=&cc ode= - broken link)
That is 14 senators. We are in too deep to pissoff the chinese has they can harm us salot more than we can them. Its beyond that now.
Not really, the Chinese really don't not have that much leverage here.
I'm sure the fact that the political rhetoric on this issue is heating up is already getting companies to start to look for alternatives both domestically and in other countries. There are a lot of countries that would like to pursue actual free trade with the US.
Not really, the Chinese really don't not have that much leverage here.
I'm sure the fact that the political rhetoric on this issue is heating up is already getting companies to start to look for alternatives both domestically and in other countries. There are a lot of countries that would like to pursue actual free trade with the US.
Look this thing is really simple : China has been and prolly will continue to be the main wedge that weakens labor's position versus that of capital... That's all they are. Really.
If they--the Chinese-- choose not to play ball, the globalists surely have a '' plan B '' scenario where they can supplant the Chinese labor pool with that of Viet Nam or Bangladesh.
Heck....the PLA is already outsourcing hand-labor-intensive manufacturing processes to Bangladesh. And you know its just a matter of time before the globalists here in the west eliminate the middleman....
“Be nice to the countries that lend you money.” (Gao Xiqing)
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
