Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (36838)	8/1/2003 2:57:28 AM
From: Seeker of Truth	Read Replies (2) of 74559

Hi Jay, Thanks for the interesting summary. Bush has been very fast at imposing protectionist measures with the flimsiest of "legal" excuses. He is relatively insensitive to increase in public debt and increase in interest rates. Both increases will surely happen if he interferes with the normal trade between US and China. China will probably be given the choice of "Do you want to propose your own 'voluntary' curbs or shall we impose them for you." That's a blow to China but probably a worse blow to the U.S. economy. As usual the US administration can't take in a concept as complex as mutual dependence. By the way, what happened to the WTO in respect of arbitrary actions of a government such as those of the US? Isn't the WTO supposed to declare such actions contrary to the treaty? Or is this another case of "The sky is high and the emperor is far away"? i.e. the World Trade Organization is too weak and too slow to curb actions in defiance of the WTO's rules. Chugs, Malcolm

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