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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (274766)	9/10/2010 1:47:33 PM
From: patron_anejo_por_favor	Respond to of 306849

Unfortunately, that genie left the bottle circa 2006. We've been paying for it ever since.....

To: Broken_Clock who wrote (274766)	9/10/2010 1:49:30 PM
From: Giordano Bruno	Respond to of 306849

While the U.S. continues to pursue her borrowing and spending ways, China continues to power the global economy forward with its production. And while U.S. politicians and investors mistakenly cheer a $42.8 billion trade deficit for July, China is correctly celebrating a $20 billion trade surplus in August. China’s exports rose 34.4% as import shipments climbed 35.2%, causing a $20.03 billion excess. During the month of August, exports were $139.3 billion and imports were $119.27 billion, the second highest levels on record in both cases. In July, the trade surplus amounted to $28.7 billion, while the total for the year through August did narrow 14.6% to $103.9 billion. China’s economic growth slowed to 10.3% in Q2 from an 11.9% pace in the first three months of this year. So while the second derivative of China’s growth is slowing to the low double digits, it is still a marvel that the 1.6% annualized growth of the U.S. can only dream about achieving. The reason for this is clear. If the U.S. desires to compete with Chinese growth we must dramatically boost our exports. That means we must first significantly boost the productive output of our factories, mines and fields. Until we figure out that destroying the value of our currency to reconcile our trade imbalance doesn’t work, the U.S. will continue to mortgage our future to the Chinese. europac.net