Posted on 07/05/2016 7:54:53 PM PDT by TigerLikesRooster
China Forwarders Freight Index (CFFI) China- North America is down from 2515 to 1425 in a year !
http://en.shippingchina.com/scfi/index/detail/line_id/1/date1/2015-06-01/date2/2016-07-06.html
1425 =>1424
If so, will the communism be pulled tighter and capitalism blamed by their dictators...and, will 0bama blame their free markets?
My reaction, as well.
-—The government is allowing speculation-—
or in different words, the government is allowing gambling
why piddle with mah jong when you can piddle big time with stocks
I think a few hundred targeted executions of “bloodsuckers” and “economic wreckers” will quickly stop or slow the predicted crash.
thanks AdmSmith.
China’s Looming Demographic Crisis: Guns or Canes?
http://www.freerepublic.com/focus/f-news/3446530/posts?page=10#10
Wait I am confused. The economic Free Trader geniuses on Free Republic and their kindred folks on Fox Business News keep telling us Smoot-Hawley tariffs caused the great Depression. /sarc
Your balless globalist chicken little carping is duly noted.
Your ignorance of the global economy is duly noted.
The US and Japan — remember Japan? — had a similar dance going on from approximately the OPEC embargo (when US made cars were too large basically overnight; as Red Forman said, “the last time I was that close to a Japanese machine, it was shootin’ at me.”) until the late 1990s. They thought, great, we’ll get rich with this huge export surplus. Instead, they wound up having a nice big crash and have spent the years since struggling.
Like China now, the Japanese couldn’t afford to sell their own products into the home market, so they expanded into most of the countries of the Far East, building plants to sell in areas with lower labor costs. Eventually, it made no sense to sell more expensive Japanese-made goods to the US market, and, well...
The Chinese have spent the past 15-20 years trying to find some place in the world with an even lower labor cost than theirs, in order to sell into the Chinese market. They’ve tried in Latin America and Africa. My guess is, they’ll use 3-D printing and other automation to accomplish this, which will work out well for them as their labor force vanishes as a long-term consequence to their draconian one-child laws.
Count me in on the “not a happy thought” crowd. Sure Russia was dangerous but they almost always backed down if you refused to be scared by their shoe-pounding rhetoric and didn’t cut your military forces to Carter levels. They were overextended keeping a hundred satellite states/areas enslaved plus their manufacturing capacity sucked eggs and they knew it. The only thing the Soviets were every really good at was bullying.
On the other end of the scale we have China. The only enslaved areas they have to worry about are Tibet and a couple islands, they’ve proven far more capable to reproduce stolen Western technology, they have all the manufacturing that the West USED to have, and they’re facing a demographic crisis with millions of angry men. Not a good combination.
Economists polled by Reuters had predicted reserves would fall $20bn to $3.17-trillion, reckoning on sharp drops in the value of China’s sterling and euro holdings following Britain’s shock vote in June to leave the EU.
Data from Chinese banks also does not appear in the official foreign exchange reserve data.
Cooking the books by delaying foreign payments, next month will be worse.
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