SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Stockman Scott's Political Debate Porch
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lizzie Tudor who wrote (28356)9/23/2003 2:45:38 PM
From: Jim Willie CB  Read Replies (3) of 89467
 
yen and yuan each contribute to the problem
Japan had $90B trade surplus with USA last year
China had $110B trade surplus with USA last year
but China's growth rate is the big problem

US has highest corp tax structure among 17 industrialized nations
it has 15% growth rate in health costs
it has 40% overvalued USDollar
it has $20 trillion in corporate debt
these problems have nothing to do with Asia
so problems must be addressed on both sides of the Pacific

if the Chinese allow the yuan to repeg at 20% higher, expect some severe problems in consumer arenas, WalMart earnings, consumer price rises, job losses, and ultimately longterm interest rates

we dont get off with a light slap on this one
when Asian currencies float higher, bigger problems than a humorous "jobless recovery" will occur here

here is a tidbit to chew on:
the increase in Fed money supply in the last half of 2002 equaled the increase in the US consumer debt, which equaled the increase in the Chinese trade surplus with USA

conclusions: the Fed is not part of the solution
consumption is not part of the solution
we are building China's industrial base
our nation is already bankrupt, and getting worse

the level of economic understanding is so abysmal in this country, that a depression is necessary just to get the current cadre of economic fuching hacks off the podium

have a great day, and good to see California go down the tubes
plow it under, and put the liberals on the bottom layer
how about we exchange with China our USTBond debt for ownership of California???

/ jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News