Rick, you are sounding more and more clueless
US exports to China are flat at $2.0 to $2.1 B/month
but imports to China are at $13.4 B/month now, up from $11.2 B/month a year ago (August figures)
a lower USDollar does not translate into ANY CHANGE in import prices from China
this is the blind spot of you guys
YOU SPEAK IN GENERALITIES AND HAVE NO CLUE ON REALITIES
the list of imported products is large, and we dont make much of any of them
take for instance.....
Import product brand names cover the spectrum, from consumer electronics to computer equipment to photocopiers to cell phones to cameras to construction machinery to cars to tires.
we still make construction equipmt and tires, but not for long
Mexico hollowed out much of US mfg industry
OR HAVENT YOU HEARD OF N.A.F.T.A. ???
now China is attacking Mexico
China is that big country north of Viet Nam over in Asia
the US mfg industry makes high-level satellite gear, environmental gear, pharmaceuticals, and a little more
but unbeknownst to most clueless Americans, is that placement of many US brand name stickers on products is the last step in their foreign manufacture
WHAT IS THE PROBLEM???
the problem is your awareness that the US imports almost 10x of what we export, and what we export is typically high-level specialty gear, not consumer products
WHAT IS THE PROBLEM???
the problems is structural
since 1975 we have dispatched our mfg base
so what if the USDollar is now 20% lower than the Euro?
we dont have the mfg structure in place to take advantage of that declining exchange rate any longer
you might naively claim we will react !!!
sure, but it will take 4-6 years, and there is no incentive to do so with China lifting its mfg base to unprecedented levels
65% of CHina's new exports since 1994 are from foreign-owned subsidiaries, mainly US-based
so you believe a cheaper USDollar will enable our mfg (which does not exist) to suddenly ship more products
INCREDIBLE
and Fed Greenspasm believes lower interest rates will encourage more capital spending here, when our higher labor costs, higher tax rates, greater environmental obstacles, all inhibit from continuing on the Asian outsourcing path
am I wasting my time talking to someone with a grade school education in world economics???
more jobs???
where the hell have you been? under a rock?
the new global trend is for shipment of service jobs to India, China, and Hong Kong
not just call centers and transaction processing dumb stuff
but now software programming, engineering, design, accounting, actuarial, legal, medical, and consulting services
foreign labor costs are 10-25% of ours
so get back to me after the USDollar comes down 75-90%
WOW !!! I will bet you are an educated person too
yet on the Economics Intelligence Quotient, you are a moron
YOU NEED TO EMBARK ON A LEARNING MISSION
but then again, you sound no dumber than our economic leaders
I have found that the more question marks employed, the more arrogant and truly clueless the writer is
they indicate high voice volume and maximum ignorance of economics
try spending one hour per day reading about economic principles for about two months
then get back to me
/ jim |
