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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: SeaViewer who wrote (22076)11/19/2004 8:11:17 PM
From: mishedlo  Read Replies (1) of 110194
 
Actually a lot of Japanese manufactures have moved to China in the last few years. A lot of Japanese are now working in China. The problem for China is the rising price in raw material and oil. Most manufactures in China have very low margin, around 4% net. The rising price in raw material and oil has been eating into their profits.

OK - I can accept that
Tell me this
with jobs FLOODING to China, who can afford to buy the products they produce?

I repeat my claim that a US consumer led recession is the only way out.

The longer it is fought, the deeper it will go.
Mish
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