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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (15102)	11/8/2004 12:29:32 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

Thanks a lot for the summary of that article. It looks like the US not only exports some its manufacturing jobs, some agricultural jobs are exported too<g> What the US needs to do is to print, print more, and print even more of the dollar bill and use them to buy most of everything overseas.<g> Not a bad deal at all<g> >>The cost of farm production in Australia is far below that of American farms.<< Maybe China should import more from Australia when they set up a free trade agreement with China<g> >>China, long a big buyer of U.S. crops, is pushing for food self-sufficiency. << China was self-sufficient in grain until 1998. Only from 1999, China started to import grains/corns in a large quantity. And the grain production has been declining for 5 years in a row in China. From early this year, the gov. starts to pay farmers for farming, so this year marks the 1st for grain production increase since 1999. There was a scholar from Harvard wrote a book in 1999 or so, claiming if China's grain production keeps declining, then by the year of 2020, all the surplus grain in the world will have to go to China, and there will be a great shortage of grains then. And they called an international conference to discuss the problem, and my brother went to the conference. Now it looks like the author made a false alarming<g>