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To: RealMuLan who wrote (37463)	7/21/1999 5:58:00 PM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116768

thank you so very much for the article.. I am a little wary about articles from Chinese government sources.. hope you don't think I am prejudice..(I also am wary from US government sources also..and any government statistic..whereever) re those dolls..does a US corporation also have them manufactured in china I wonder..so who gets the profit.. (I know the article's emphasis was on something else..which I found fascinating..and it helped me to get closer to what makes up the trade deficit..also might explain why US government doesn't mind running it up..since it might not measure what everybody assumes it measures.. whenever I hear anything these days I always translate it when they speak about low inflation I equate that with US workers in the middle can't get good salary increases...inflation comes from buying power when I hear about weak currencies..I think that countries are trying to export their ways out of difficulty when I hear about strong dollar..I think of US corporations gobbling up other country's assets... when I read about recovery in Japan..I just think about Japanese printing presses working non stop At least a lot of formerly jobless people have been able to get jobs in this country :-) Also when I hear year2k problems, I think opposite..that most big corporations have invested big time in new systems and programming consultants and have spent to help fuel this economy..now that most of big corporations have spent the money, won't that added spending be missing in down the road economic reports..so year2k has helped boost gnp..

To: RealMuLan who wrote (37463)	7/21/1999 6:00:00 PM
From: Jim S	Read Replies (2) \| Respond to of 116768

I don't know enough about to argue with you, but it seems to me that the way the trade figures are being computed is probably correct. If the trade numbers were computed on profit, rather than exported value, they would really be distorted. For example, take the export of US military aircraft -- they go to foreign countries at a net loss to the manufacturer. Even commercial aircraft are net losers until support packages are included. Seems to me that the net cost to the importer is an appropriate measurement. BWDIK jim