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To: Perspective who wrote (225175)3/4/2003 10:36:49 AM
From: yard_man  Respond to of 436258
 
>>When you look at all the impoverished peoples of the world, it's hard to see how the planet has too much to go 'round. I note here that the "excess capacity" means excess given the current global pricing environment. The capacity will ultimately be put to use, but the pricing mechanism must adjust so that the goods are diverted from US consumers that have insufficient goods and services to barter for them, toward the billions globally that *do* have things to trade for them<<

Good post, Bobcor

And what do these countries get for financing our trade deficit right now -- good capacity utilization for their plant and equip, but only for the time being, I guess -- but in the way of economic goods and benefits?? -- the craving for and ability to get the western lifestyle is growing.

Static views of USD supremacy are just that -- static -- at some pt paper promises are shunned on the whole.



To: Perspective who wrote (225175)3/4/2003 10:38:43 AM
From: reaper  Read Replies (2) | Respond to of 436258
 
not to be politically incorrect, but what exactly do the North Koreans, or rural Chinese, or unemployed unskilled Frenchman have to 'barter' for the worlds excess capacity? not much, which is why prices will FALL.

Cheers