Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Moominoid who wrote (70993)	1/9/2009 1:36:35 AM
From: Maurice Winn	1 Recommendation Read Replies (1) of 74559

<trade is a much bigger proportion of Chinese GDP than it is of US GDP.> Yes, but all the stuff Made in China can be sold in China instead of the USA. They'll have to accept MUCH lower prices for wages and the products than they got from selling to USA. That means imported materials will have to be cheaper too - which they are because there's less demand for nearly everything. If NZ's export markets vanished, we could eat all the fish. We'd stop eating sausages and low quality food and upgrade to more delicious wild food for a fraction of the cost it is now. It's annoying to see schnapper at $33 a kilogram when it used to be really cheap - so cheap that it was lower on the pecking order of food preference than hen, which is now a lowish cost meat option. Once upon a time crayfish was not far off free, now it's not far off sacred. I would love to eat kilos of it. Mqurice

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