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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (1054)	9/15/2018 2:50:52 AM
From: elmatador	Read Replies (1) \| Respond to of 13798

It has to do with the stigma of poor previous generation which were slim. Fat equal rich, time. The new generations force fed the children to look rich. I saw in Indonesia the Chinese family eating lunch while a servant ran behind a kid force-feeding him as he played. The kid just wanted to, naturally, burn the calories, but the had someone force feeding food down his throat. If you have a body made in Puerto Rico, for example, and you bring that body to the US, the family balloons. That DNA was made to eat low calories, mostly carbs. Once they get to a place where they can gorge as much carbs as they can, they balloon. These Chinese are transitioning from a historic diet of carbs, which was expensive, to a now affordable carb intake and they don't know where the limits are. Die younger. Girls will refuse them, unless he is loaded with money. And even money may not help the guy get a woman. When I worked in Bangkok, early 2000s, i met a restauranteur. Middle class Thai-Chinese. She was worried she was getting old. She was 30, and at that age most her friends had got married. Problem, her father was trying to arrange a mate for her. All rich. All fat. And she hated fat men. Beautiful as she was, she could get a line of men to date, but was afraid of her father.

To: Elroy Jetson who wrote (1054)	9/16/2018 4:46:54 AM
From: elmatador	Respond to of 13798

China won’t repeat Japan’s Plaza Accord mistake When coming to the analysis of the trade conflict, some compare it with the situation in 1985, the year the Plaza Accord was clinched. Despite differences between Japan then and China now, Beijing can learn some experience from Tokyo. Source:Global Times Published: 2018/3/28 21:00:55 A trade war is looming as US President Donald Trump signed an executive memorandum on March 22 that would impose tariffs on $60 billion in Chinese imports. When coming to the analysis of the trade conflict, some compare it with the situation in 1985, the year the Plaza Accord was clinched. Despite differences between Japan then and China now, Beijing can learn some experience from Tokyo. The Breton Woods System was founded, soon after the end of World War II. The US, with its super economic power, put the blame on countries suffering from a trade deficit for causing trade imbalance. It was because the US was the largest trade surplus country. Decades later in the 1970s, massive capital outflow and migration of manufacturing turned the US into a trade deficit nation. Washington started to shift the blame to surplus countries. The Plaza Accord was signed in September 1985 by the US, the UK, France, West Germany and Japan in a move to shrink Washington's budget and trade deficit. Prior to the agreement, Japan had become the world's biggest surplus and creditor country. Products made in Japan were seen everywhere across the world. In that crucial year of 1985, the five countries - known as the G5 at that time - agreed to depreciate the US dollar in relation to the Japanese yen and German Deutsche Mark through interfering in currency markets. The adjustment prompted a sharp rise in the yen and consequently an economic downturn in Japan. The US, after short-term relief, allowed parties involved to adjust their policies. Japan then lowered the interest rate. But given the overheated economy during the 1980s, the ultra-low interest rate ultimately led to an economic bubble two years later. The US cannot take exchange action against China. China is now in an era of economic transition and tends to adopt a stable interest rate policy. Therefore Washington can hardly wage a trade war with Beijing as it once did with the Plaza Accord. The structural differences between China and Japan also make it difficult for the US to strike China with tariffs. Back in the 1980s, Japan's manufacturing industry dealt a heavy blow to the US. With trade high on the agenda, the Japanese government allowed free movement of short-term capital to address the loan issue while limiting long-term capital that directly invested in Japan. It hence invested in almost the whole manufacturing industry and exported products to the US, making it easy for Washington to hit the economy with tariffs and exchange action. China is in a different situation. A certain proportion of its export-oriented manufacturing enterprises are foreign-funded. They import raw materials and export manufactured products to foreign countries. The only thing they do in China is assembling or processing. So it seems that China has exported a lot of goods to the US which are dominated by foreign, even US companies. By this rationale, Washington will not see the expected results by imposing tariffs on China. Instead, the tariff move will hurt the well-being of its own people. When confronting the US, we must look at the full picture and prepare for the future. We must mull over what will happen after a possible trade war before considering how to fight the US. The Chinese people are rich in strategic thinking. In ancient times, we had the Art of War and the Thirty-Six Stratagems. Now we need to see clearly where the world economic structure and the new institutional arrangement are heading while trying to achieve a new pattern. The article was compiled by Global Times reporter Zhang Wang, based on an interview with Liu Junhong, a research fellow of the China Institutes of Contemporary International Relations. opinion@globaltimes.com.cn