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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (36838)	8/1/2003 2:57:28 AM
From: Seeker of Truth	Read Replies (2) \| Respond to of 74559

Hi Jay, Thanks for the interesting summary. Bush has been very fast at imposing protectionist measures with the flimsiest of "legal" excuses. He is relatively insensitive to increase in public debt and increase in interest rates. Both increases will surely happen if he interferes with the normal trade between US and China. China will probably be given the choice of "Do you want to propose your own 'voluntary' curbs or shall we impose them for you." That's a blow to China but probably a worse blow to the U.S. economy. As usual the US administration can't take in a concept as complex as mutual dependence. By the way, what happened to the WTO in respect of arbitrary actions of a government such as those of the US? Isn't the WTO supposed to declare such actions contrary to the treaty? Or is this another case of "The sky is high and the emperor is far away"? i.e. the World Trade Organization is too weak and too slow to curb actions in defiance of the WTO's rules. Chugs, Malcolm

To: TobagoJack who wrote (36838)	8/1/2003 3:30:18 AM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 74559

Hi Jay, Hope you're having fun on your trip... <g> The Executive, and Legislative branches of the US officialdom are suggesting that RMB should be revalued against the USD, and this view is supported by the US monetary authorities and propagandized by the US media. Don't take the revaluation talk seriously. It's rhetoric, plain and simple. Lip service to/for the loud voices calling for action on the real/perceived loss of jobs from the USA to Asia (not just China). The US authorities know very well who is (and who isn't) buying US debt instruments. They know very well the consequences should the purchasers of US debt become disinclined to do so in the future. The US authorities know very well the risks in Asia, the geopolitical risks (for example North Korea), the economic risks (a stable and economically vibrant China is needed for economic stability throughout Asia), and the risks to US multinational corporations should relations between the US and China sour. All of the above notwithstanding, it's more interesting (at least to me, anyway) that all of this talk about revaluing the RMB is not accompanied by threats of actions to counteract any perceived Chinese trade advantages. Therefore, it's nothing more than rhetoric at this point, and nothing to worry about. China (and the rest of Asia) cannot allow the US to fail because the US is, for all intents and purposes, the only buyer available for their products. The Asian domestic economies simply cannot buy all of the manufactured goods that Asia produces. So, Asia needs a healthy US as much as the US needs a healthy Asia. And China, for better or worse, if only by virtue of sheer size, is the economic leader for Asia, for now and well into the future. KJC

To: TobagoJack who wrote (36838)	8/1/2003 5:41:17 AM
From: Snowshoe	Read Replies (1) \| Respond to of 74559

Jay, looks kind of crowded there from my perspective... <g> Alaska.... pop: 634,892; area: 1,530,693 sq km Sichuan... pop: 84,280,000; area: 488,000 sq km

To: TobagoJack who wrote (36838)	8/1/2003 9:40:20 AM
From: RealMuLan	Read Replies (1) \| Respond to of 74559

Jay, thank you for the update, you are such a fine writer. It is a pleasure to read your post. >>Because I also found ACF Mike rampaging on the BBR thread, accusing experience-wealthy and wealth-aplenty Malcolm of being a Communist, condemning helpful Yiwu of being another Communist, certifying BubbaFred of being a resident in a dark Beijing basement, and reiterating a bullish call, claiming that the next 7 years are equity-rich years.<< LOL. Thank you. I have been implied, or even called, as a "communists" by quite a few rightests here. LOL. I wish I could do the honor. I did apply to join the party when I was in China, but got rejected, not qualified<g> >>The Executive, and Legislative branches of the US officialdom are suggesting that RMB should be revalued against the USD, and this view is supported by the US monetary authorities and propagandized by the US media.<< Looks like Snow is back-paddling on Chinese currency issue<g> Snow says doesn't know if China currency undervalued Reuters, 07.31.03, 12:13 PM ET forbes.com Enjoy you trip in China.

To: TobagoJack who wrote (36838)	8/1/2003 2:33:33 PM
From: mishedlo	Read Replies (3) \| Respond to of 74559

What is TeoTwawKi? Thanks M

To: TobagoJack who wrote (36838)	8/1/2003 2:37:30 PM
From: LLCF	Respond to of 74559

<I visited this 71-meter (200+ ft) tall Buddha > Was he dancing? <Because I also found ACF Mike rampaging on the BBR thread> Signalling the top was in. DAK

To: TobagoJack who wrote (36838)	8/1/2003 8:11:19 PM
From: Haim R. Branisteanu	Respond to of 74559

Agree with you analysis the USD rose on "HOPES" unfortunate the higher GDP was mostly due to the war an ammunition you can use and I suspect the durable goods report included also some guided / cruise missiles and other military related hardware. As usual the employment report was fake and most of the jobs were in the "I hold your hand and make you coffee" industry. 122,000 or so "cut your hair ...make coffee" jobs added since April but manufacturing lost -17,000 even with the big military hardware orders. Actual unemployed in the US are around 10.5% and not 6.2% as the BLS wants us to believe (it is buried in their report) CNBS is now mentioning the issue of overseas jobs in parts like Russia India and China