China On Notice

Forbes ^ | 17MAY05 | Paul Maidment

[simon says what]

Let's agree that China is a major economic competitor, using unfair currency and labor practices, and the USA needs to attack these practices consistently AND improve our own competitiveness from the ground up.

We do agree.

[familyop]

...just in from Sydney, where it is morning.

Forex - US dollar mixed Sydney morning after falling on benign ...
http://www.forbes.com/business/feeds/afx/2005/05/18/afx2038880.html
Forbes - 43 minutes ago
"SYDNEY (AFX) - The US dollar was trading mixed against major currencies, searching for direction after being hit by a benign US inflation report for April ... "

[groanup]

When I posted to you the DCX was up 10. The big picture: It has momentum. I don't like to step in front of freight trains even if they slow down occasionally. The dollar has made a classic triple bottom and has broken through all the long term trend work to the upside. Why? I have no idea. Everybody else has an opinion though. I expect, as usual, we'll find out soon enough.

[Southack]

"I'm sure China is just scared to death about this in general, and of George W. Bush in particular."

China will cave on the Yuan to GWB just as China caved on returning our EP-3 and crew.

[superiorslots]

Quote: China will cave on the Yuan to GWB just as China caved on returning our EP-3 and crew.



LOL They caved( as you call it) only after thourghly dissaaembling the plane and getting all the info they could out of it.

[Southack]

You missed the analogy. Just as China returned our EP-3 in pieces, so too will they revalue their Yuan, piecemeal.

[1rudeboy]

Between 1998 - 2003 Manufacturing dropped from 24.2% of out Gross Output to 19.8% of our Gross Output.

OMG LOL
Do you recall what happened during this period?

[simon says what]

Yes Bobo... I do remember.

Here is the annual Manufacturing percentage of Total Gross Output for our country.

1998: 24.18%
1999: 23.53%
2000: 22.79%
2001: 21.17%
2002: 20.37%
2003: 19.84%

Manufacturing declined as a percentage in each year. 9/11 without a doubt exacerbated the trend already in place. It did not however, initiate the trend.

[1rudeboy]

I fail to see why you are fixated on percentage of gross output. Why not simply output?

[1rudeboy]

[simon says what]

There is no fixation. It is one of the facts I pointed out during the course of debate on this thread that you chose to address.

Percentages do help weed out raw numbers enhanced by money growth and inflation. Without a doubt, gross manufacturing output has risen. But the portion it has contributed to overall gross output is shrinking. What has contributed a growing portion to the total gross output the last few years ? Real Estate, Services, and Government. Manufacturing produces wealth for our nation. The shrinking portion of our economy it represents is disconcerting.

[superiorslots]

Our imports from china went from approxiamtely $152 billion in 2003 to 197 billion in 2004.

The rise of 45 billion in imports from 2003/2004 is more than we sell to china which was something like 34 billion in 2004.

That is telling abour our loss of manufacturing and which way it is trending.

[lucysmom]

So why are ag jobs not 'good enough' for people with lack of ambition?

When I was growing up, a friend's father was a janitor, his mother, with the exception of seasonal work in the local cannery, stayed home. Still they were able to lead a very solid, but not extravagant, middle class life. They owned their own home and a couple of acres where they built a vacation home. They had a car and a truck and health insurance. The point isn't that people lack ambition, not everyone is cut out for an MBA, or that ag jobs are not good enough. The point is that these jobs no longer pay enough for present day workers to take care of their families.