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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (20404)12/18/2003 7:18:36 PM
From: LindyBill  Read Replies (1) | Respond to of 793693
 
He said that chinese demand for raw materials are producing the inflation scare from rising raw material prices.

We should have all bought scrap dealers last year. China also is keeping the Dollar from falling by buying our bonds like mad. They don't want to have to raise their money against the Dollar. We are treating them like we are Victorian Upper Class who can make the tradesmen wait for their money. Delicious!



To: michael97123 who wrote (20404)12/18/2003 7:19:07 PM
From: MSI  Read Replies (1) | Respond to of 793693
 
what china does is take these raw materials and with $1/hr labor create products that either keep keep prices steady or lower them in some cases particulary in the US where free trade still rules. Thus no inflation

And no jobs in the US.

It's a jobless "recovery", designed for corporate profits, not jobs. To many, it's a "boom-free" boom. Unless you've got sufficient investment capital, and are nimble.


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