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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (5407)	1/18/2004 10:47:40 AM
From: Ramsey Su	Respond to of 110194

Would it be the pin that burst the credit and bond bubble? I agree that article is probably written by the "Rush Limbaugh" of China, and the research made little sense. However, some of the issues could be quite significant later on, during this election year. IT IS SHEER NONSENSE FOR THE CHINESE TO GIVE IN TO THE AMERICANS; because to do so is to make Chinese industries LESS EFFCIENT. Who in his sane mind can think of such nonsense ? TO MAKE CHINA LESS COMPETITIVE SO THAT AMERICANS CAN RETAIN THEIR JOBS ? How insane do the Americans think we Chinese are ? This attitude is not only naive but is an insult to the Chinese. AMERICA THE HOME OF UNFETTED FREE ENTERPRISE ! and here we see the American arrogance to think that Chinese will do according to their dictate. Unless we see a drastic economic recovery in the next few months, there is little doubt that some candidates are going to use protectionism as a platform. Schuman, Gephart are already there. Who knows who else would jump on the bashwagon. China is going to be the lead bashee target this round, may be a little of India. In the old days, China can't do much to retaliate, other than cancel a few jet orders to Boeing. Now with the massive US$ reserve and US debt holdings, I wonder what would happen if they simply announce liquidation of US denominated instruments? Of course, this will hurt China just as much but could they now afford to play chicken and see who blinks first?