<<... China prefers wage price inflation to currency appreciation, because wage price inflation redistributes wealth to the peasants, since inflation is primarily food ... the result is the same as a currency appreciation: higher prices of imported goods in the US, and gradual improvement of the US trade balance>>
... i suppose on the usa side of the pond the result would be the same, in that imported stuff from china would cost more.
on china side of the pond the results would be somewhat nuanced, depending on what object we care to focus on (i.e. consumption vs investment vs savings vs property and commodity prices vs gold n silver, etc etc.
to the extent that china in aggregate 'chooses' to bid up, the china import price would rule global prices.
<<Trump is the leading candidate among the Republican base>>
... that is simultaneously funny and tragic, but not so much alarming, because trump is a cretin wastrel human slug and cannot affect the weather of civilization.
as to <<... He wants to impose a 25% duty on ALL Chinese imports immediately. The Republican base loves it. Its financiers are somewhat alarmed. Sounds worse than Schumer, the darling of the Democratic base. So now both bases are in agreement on at least one issue. Who would have thought>>
... i can see how a 25% duty on all chinese imports would help america immensely <g>.
what does trump and schumer believe? that americans would start to make socks and manufacture gadgets? detroit would come alive? cleveland would stop demise? t-bills would get more of a bid?
what? well, we shall find out, bring it on, once the cretins make a move that the slugs agree with.
the trouble with the trumps, schumers, and palins of this world is that they have no belief in family values, zero faith in savings, no concept of diligence, and they represent the worst of america, surely.
where are the american leaders? |
