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To: Moominoid who wrote (67869)8/19/2005 5:43:24 PM
From: shades  Respond to of 74559
 
HAHA, ben stein just said regarding our interest rates going to 4.5% - he said what the fugg does our interest rate have to do with the price of tea (texas tea) in china?

We are going to have to update that expression eh? hehe Apparently the price of tea in china is now relevant to the west.

en.wikipedia.org

This expression has stemmed from economists, who describe everything economic as affecting everything else, trying to find an expression which denotes the furthest logical connection from their current economic focus. In this way, the price of tea in China was used to denote the furthest possibility. It can also be used to denote an irrelevant topic.

It has the most common form "what does that have to do with the price of tea in China?"

There may be a second explanation.

In the 19th century the price for tea in England was the highest when the first ship with the newly harvested tea came in. So for the ship owners it was important to be as fast as possible back to England with the load, otherwise the cost of the passage was not to be recovered from the sale of the tea. Thus there were real races (the tea clipper races) where the sail ships managed to travel the whole distance from China to England in about 80 to 90 days.

The difference in prices from the first load to the later ones was so high that it was quite unimportant which price for the tea was originally paid in China. So the "price of tea in China" was something that really didn't matter for the ship owners. They had to have the tea in England as fast as possible.

This reminds me of that game, kevin bacon is the center of the universe.

I remember some sally field movie where she had to get the cotton picked faster than everyone else or she was gonna lose her farm - the first crop got the highest pay - hehe - reminds me of granddad - hehe,.

I always told my old girlfriends, that first time we have sex is the best, after that gets kinda old - hehe