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

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To: shades who wrote (52762)	2/6/2006 7:43:53 AM
From: russwinter	Read Replies (2) of 110194

No, that's just another form of rent seeking. About the only thing I will agree with GST on, Message 22135519 is that US multinationals are also playing the currency rent seeking arbitrage game by offshoring in China, and then bringing Old Maid Cards (dollars) back to stuff down the throats of Asian CBs. This is actually a big drain on other sectors of the Asian societies. So the Asians don't have a monopoly on renk seeking corruption. Multinationals then end up buying and holding the local currency. That's a defacto subsidy of foreign as well as Asian exporter interests.

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