Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (4187)	6/5/2001 5:26:11 AM
From: Maurice Winn	Read Replies (1) of 74559

<...am intrigued by his assertion that it's meaningless to look at economic stats from one country in isolation> CB, similarly, the idea of trade imbalances or trade deficits with other countries is a screwy idea. It doesn't matter at all if the USA has zero exports to China but China has multibillions exported to USA. The money flows back around via NZ exporting to China, Saudi Arabia exporting to NZ and USA exporting to Saudi Arabia. It is also funny how the USA wants to 'open up' other countries to trade, while the USA stops imports themselves. Such hypocrisy! 'Buying American' or 'Buying New Zealand' is a silly idea. Buying the cheapest is the best idea. It creates the greatest economic value and the greatest happiness. A lazy fat Yank earning another 40 cans of beer is much less economically useful than a hungry and grateful Indian earning a bag of rice for their family. Much better to buy a cheap CDMA phone made in India than an expensive one made in the USA. Mqurice

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