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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (66912)10/7/2010 2:41:47 AM
From: Hawkmoon1 Recommendation  Read Replies (1) | Respond to of 217815
 
so china should not buy what the usa is selling?

Isn't the sales pitch what's important? No one forced China to buy them, right?

But they wanted to maintain their trade relationship with the US, and they needed a place to park all those profits so they could avoid the consequences of re-patrioting all that capital back into Chinese currency.

And it wouldn't have mattered.. Europe and much of the rest of the world was "enjoying" a real estate speculative bubble. In fact, in many parts of Europe it's even worse than in the US.

And now, although you disagree, China is having it's own RE bubble. And the world is just waiting for it to eventually pop.

who knows what any currency is worth in the absence of underlying measure which team usa did away with in 1971.

Just as no one knows what any commodity is worth since demand and supply ebb and flow.

Hawk