Posted on 01/24/2005 9:39:05 AM PST by JFK_Lib
You are right. There are two sides to every "coin" (pardon the pun), but who is to tell which one will end sunny side up?
A revalued yuan would be the ideal occurrence. The $ is over-valued against the yuan, and so is the Euro. The US is letting the dollar float down to more reasonable levels against the yuan, but leaving the euro high and dry.
tmp02...FYI Bump
For this to happen, the Chicoms have to agree to decouple the Yaun from the US$.
Do you think there is any reasonable chance that they will do this?
Since Chinese subs have some sneaky habits of late, the Japanese are paying much closer attention to the China threat. Anyone who helps us track ChiCom subs is a friendly. I wouldn't write Japan off.
I'm not writing Japan off, just nervous when any foreign country owns vast amount of U.S. Treasuries.
Look here.
You are not supposed to interrupt the group therapy session with reality.
The sky is falling.
It's time to panic.
Bush is just wlking up rates in the same orderly fashion that he walked them down. They did not intervenve, and that was a good thing. The new wrinkle is the Euro.
The dollar has pretty much hit its lows. I dount if they screw around anymore with rates in order to move the yuan. I imagine that there will be a mixure of political pressures.
If there is not movement soon, congress will take matters into their own hands. One gets the feeling that, in general, if there is not real bebefit shown soon to the American people to all of this free trade business then natiional sentiment will turn against it.
It is anyone's guess as to what will happen when that happens. It might be warning enough to more protected economies. One almost feels that 811 threw a monkey wrentch into their plans. They cannot develop internal or even alternate markets fast enough to be able to compesate for the loss of ours. Time will tell.
The best response would be to get out of the WTO, seek real "fare trade" on a country by country basis, get rid of income taxes (or at least corporate taxes), reform regulation, reform tort law, do domething about education and increase R & D budgets across the board.
The EU and China are also trying to form a military axis as well.
Hehehe look at france and what our boycott did.
The world wide depression was written about as coming in 2010-ish.
The President after Bush has major troubles due to world economic circumstances and the growing older population.
Ever see the movie "Rollover?"
Some dumb economists have been predicitng this gloom and doom scenario for the lat 30 years and our standard of living are getting better and better and better, and our economy is growing and growing, and growing
Revelation 18
1After this I saw another angel coming down from heaven. He had great authority, and the earth was illuminated by his splendor. 2With a mighty voice he shouted: “Fallen! Fallen is Babylon the Great!
She has become a home for demons and a haunt for every evil[a] spirit,
a haunt for every unclean and detestable bird. 3For all the nations have drunk
the maddening wine of her adulteries. The kings of the earth committed adultery with her,
and the merchants of the earth grew rich from her excessive luxuries.”
4Then I heard another voice from heaven say: “Come out of her, my people,
so that you will not share in her sins,
so that you will not receive any of her plagues; 5for her sins are piled up to heaven,
and God has remembered her crimes. 6Give back to her as she has given;
pay her back double for what she has done.
...
11“The merchants of the earth will weep and mourn over her because no one buys their cargoes any more–
Good observation. If it makes US manufacturing more competitives than that is what counts. I hope president Bush does not raise the dollar just because the europeans want that to happen. Economic damage to the EU is currently our greatest weapon against it and that is what a low US dollar is doing.
What will happen to the Japanse if we do not buy their cars and electronic equipments?
what will happen to the Germans if we do not buy their cars and their pharmateuctical products?
What will happen to the Chinese if Walmart stop buying from them not to say what will happen to them if the whole US stop buying from them?
The will all go into the worse economic nightmare of their nations history.
worse=worst.
No, who/what is Rollover?
If St John meant that prophesy for AMerica, he was only talking about the *blue* states, ok?
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