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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (107659)5/18/2007 2:32:25 PM
From: BSGrinder  Read Replies (1) | Respond to of 132070
 
What's funny is that the US officials think a stronger Yuan will reduce our trade deficit, because Chinese goods will become more expensive. In fact, the opposite will happen - we will increase our trade deficit - because we will be paying more for the same Chinese goods that we have no capacity to produce at those prices in the US. Perhaps some imports will shift to Vietnam or Cambodia, but that won't fix the US trade deficit. /BSG



To: Knighty Tin who wrote (107659)5/18/2007 4:09:57 PM
From: Don Lloyd  Read Replies (1) | Respond to of 132070
 
KT,

Jack's back.

amazon.com

Regards, Don



To: Knighty Tin who wrote (107659)5/18/2007 8:57:56 PM
From: Giordano Bruno  Read Replies (2) | Respond to of 132070
 
Chinese banks pay 2% on savings, bad debt probably exceeds 1 trillion so that's a lock on rates. Mr. Market returns 50% in 5 months sucking in 1 million new investors a week.
We live in interesting times. -g-


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