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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Jim Willie CB who wrote (33228)5/26/2005 8:49:15 AM
From: arun gera  Read Replies (1) of 110194
 
>China currency peg is being exploited as a political weapon
it wont mean jack shit to import costs or trade deficits>

Agree. That's a blame game!

Jim, it is quite obvious from your posts that I have been following that you have a very good handle on trade statistics. There is much to learn from your analysis.

I have some questions:

1. Trade is only a small percentage of US economy and has always been so. What has been driving the US economy for that last 50 years and why is that not so true anymore?

2. Outsourcing may be similar to automation, by which US work force becomes available at reasonable rates to the US economy. What' wrong with that? All that happens is that the now available US work force moves to the least automated and lowest productive portions of the economy, which happen to be in the commodity services or highly professional services. Labor moves from manufacturing to office jobs. And as commodity office jobs vanish through automation and outsourcing, the labor moves to the jobs that require active onsite presence (construction, nursing, face-to-face sales, restaurant, massage/beauticians, and retailing etc.). Don't you notice that those are the new jobs being added?

-Arun
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