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


To: GST who wrote (34099)7/23/2005 8:20:16 PM
From: RealMuLan  Read Replies (1) | Respond to of 116555
 
>>They can absorb up to about 5% per year without any problem.<<

Definitely not true! I know someone who is working in shipping sector. And he told me that even if 5% they cannot take it! So I guess that is why this time you only see 2%. And keep in mind the gross profit for the majority of China's export is ONLY 8%. And the net profit is around 2-3%!

And my guess is that this 2% will have to keep at least 6 months before next move.