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

To: ild who wrote (12953)	4/30/2004 2:18:13 PM
From: ild	Respond to of 110194

Date: Fri Apr 30 2004 14:07 trotsky (morbius, 12:01) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved well, first of all, the price of manufactured goods ( everything from electronica to cars ) in Japan is way out of whack with prices for lodging in general, in spite of the real estate collapse. in fact, even though prices in Japan have fallen sharply ( beer and fish, to name two examples, are on average 40% cheaper than say 10 years ago ) , they still appear expensive to outsiders. however, the average salary in Japan is likewise far higher than comparable salaries in the West. so subjectively, for someone living and working in Japan, it looks like most of OUR prices are absurdly cheap, manufactured goods excepted. Japan's manufacturing industries are among the most modern and most efficient in the world. they are leading edge in virtually all higher order production stages, in many cases far outdistancing the competition. which is to say, they really know how to control costs. Japan's car manufacturers are not 'dumping' - most of the cars for the US market are in fact manufactured locally, in the US. Nissan just posted the biggest quarterly net profit ever achieved by a car manufacturer in history ( over $7 billion ) , which is testament to their superior management skills. Date: Fri Apr 30 2004 13:44 trotsky (Wiffo, 11:46) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved all i can say to that is don't judge a book by its cover. in many ways, China's economic regulatory framework is now closer to capitalism than ours. just because they aren't 'democrats' don't mean they're not capitalists. i expect the renaming of the Communist Party of China to something like 'Chinese National Congress' or somesuch within the next 5 to 10 years... Date: Fri Apr 30 2004 13:33 trotsky (Apollo) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved "Why do I have the feeling, that by time they get around to unwinding the peg, the Yuan will move down against the USD & not up." imo it's a near certainty that that would happen - simply based on the fact that China's money supply is growing by multiples faster than that of the US.