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Politics : New FADG. -- Ignore unavailable to you. Want to Upgrade?

To: kumar who wrote (3034)	8/8/2007 3:24:36 AM
From: KLP	Read Replies (1) \| Respond to of 4152

If you were running things, kumar...what would you do? Put a tariff on all imported goods for the US consumer to pay, thereby slowing sales of goods to China? Or...what?

To: kumar who wrote (3034)	8/8/2007 9:45:58 AM
From: Hawkmoon	Respond to of 4152

when they dump dollars to strengthen the Yuan - it will hurt us real big time. Kumar.. we want them to strengthen the Yuan versus the dollar. We want the Chinese economy to be less dependent upon export related growth via currency pegs because it's in a bubble. And it's quite possible that the Europeans will counter any such Chinese dumping of the USD by buying the USD for themselves. This may also be the case with the Japanese. It will only hurt us with regard to making those things we import more expensive, but on the other hand it will stimulate domestic growth, especially in the area of energy diversification. Certainly we don't want the dollar to crash, nor would we want it to spike.. but markets adjust to longer term trends quite well given the chance. Hawk