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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (11585)	1/30/2009 5:57:30 PM
From: Poet	Read Replies (1) \| Respond to of 33421

John, you're a generous man. I finally understand the link between our relationship with China and the possibility of bigtime inflation, thanks to your post. I appreciate it. Too much snow? Isn't that an oxymoron? -g Though I have an old dog in a full leg cast who's having trouble negotiating the snow banks as she does her business. I bet she has a different opinion than I. Thanks again.

To: John Pitera who wrote (11585)	1/30/2009 6:06:23 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 33421

JP, What kind of tariffs does China have for the U.S.? JXM

To: John Pitera who wrote (11585)	1/30/2009 7:23:09 PM
From: Cogito Ergo Sum	Respond to of 33421

So John to extend Poet's question do you have an opinion on the US stimulus package considering the 'buy American bent' and regarding Nafta. TBS

To: John Pitera who wrote (11585)	1/31/2009 12:02:44 AM
From: ajtj99	Read Replies (1) \| Respond to of 33421

John, that stuff with Schumer isn't going to happen. It's all political posturing. The stuff about China manipulating its currency was just an attempt to placate Schumer during confirmation hearings. FWIW, if China's currency were allowed to float freely there's a very good chance it would DEPRECIATE against the USD as much as 20% very quickly due to capital outflows. The law of unintended consequences. That's why the status quo of a quasi-fixed, pegged currency exchange between the USD and the RMB will reign for a year or more. FWIW, I've been on top of that Schumer stuff for almost two years now, so I'm quite familiar with it. In edit, I have spent more than two years in China, probably driven 20,000 miles by car in China, have access to some high ranking officials, and advise and consult some Chinese companies in China.