Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mishedlo who wrote (30516)	5/20/2005 6:46:48 PM
From: benwood	Respond to of 116555

Makes sense that they collect the tax instead of the US Gov't.

To: mishedlo who wrote (30516)	5/20/2005 8:29:16 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 116555

This should be inflationary for the US and beneficiary for the EU IMHO. As EU will import more form CEE countries and CIS which have a slight higher cost structure than China which is pegged to the USD. All in all with no wage growth and even unemployments slightly rising and the RE bubble it will not bode well for the US - less money in consumer hands and something has to give - as this measure will not generate US jobs but CEE jobs affiliated with the EZ .... and proceeds recycled in the EZ not US ..... but FX monkey's bought the USD any way

To: mishedlo who wrote (30516)	5/21/2005 5:59:05 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 116555

China wants to defuse textile controversy Germany response - welt.de translation just does not work properly Articles appeared at the SAT, 21. May 2005

To: mishedlo who wrote (30516)	5/21/2005 10:45:30 PM
From: TobagoJack	Respond to of 116555

<<China sharply lifts taxes on textile exports>> ... the US politicians gave the Chinese politicians the ammunition with which to extract higher revenue take by the Beijing officialdom with which to recycle back into command section of the Chinese domestic economy Just as the Chinese officialdom is giving the US officialdom the excuse to exact more tithe from the US free economy into the command sector via military spending and tariff off-take The two officialdoms, they need each other The difference is the way of spending and where the moolah ends up, and the ultimate result