[Southack]

The business losses to which I'm referring are business *investment* losses.

In other words, money that was invested into China rather than into the U.S. because American firms realized that they had to join 'em, couldn't beat 'em...ala Kodak investing into China to make cameras rather than investing that money here.

...And the money goes into China because China is manipulating their currency, which distorts the Market picture (making China appear to have lower cost goods than they really do).

Chinese exports should have been at least $75 Billion more expensive last year...and would have been in a Free Market (that's how much China lost on the currency markets to keep their Yuan devalued).

So business money is going into China thinking that they can get a piece of that $75 Billion cheaper per year manufacturing...and as long as China keeps paying to prop up the Dollar (i.e. to keep their own Yuan under-valued), then those businesses will be correct.

But that's $$ Billions $$ of annual business investment money that is going into China that shouldn't be, and wouldn't be going there were it not for China's currency manipulation.

This is setting the stage for global repercussions when the Yuan is finally forced higher. Companies such as General Motors with multi-Billion Dollar investments into China are going to get BURNED when the Yuan pops up 40%...making everything exported from China instantly 40% more expensive.

And the longer that this re-evaluation is delayed, the more damaging the repercussions will become.

[Brilliant]

That's a different animal, doesn't have anything to do with jobs here or our standard of living, though. It's just a question of whether Kodak's making a good investment decision. Maybe it is, maybe it isn't. Kodak investors (like me) are taking a risk.

On the other hand, I don't know that Kodak's investment in China is so significant that you need to lose sleep over it. Kodak is making money today, largely because of that investment. It could not make money competing against the Japanese with American labor, but using Chinese labor has turned things around. That leaves its American based workforce in the business of making executive decisions, and providing technological expertise, but that's where the money is. You can't make a living compatible with American standards by making cameras as a factory worker.

However, the Chinese can make a living compatible with Chinese standards by making cameras. So let them make the cameras, and let us make the decisions.