OK, THEY CONCEDED ONE SMALL STEP -- TARGET AND WAL-MART GOT POUNDED TODAY ON THE STOCK MARKET FOR BEING LITTLE MORE THAN DISTRIBUTORS FOR CHINA (AND IMPORTING THE PRICE/COST BENEFITS OF SOCIALIST SLAVERY). SOME COMMENTATORS CLAIM THE CURRENCY IS OVERVALUED BY 40-50%. HAH HAH HAH. THEY SAID THE SAME GARBAGE WHEN RUSSIA FLOATED THE RUBLE. IT WENT FROM CIRCA 1:1 VS. THE USD IN THE 1980S TO 6 TO MORE THAN 3,000r/$ IN A VERY SHORT TIME. CHINA'S NEW "FLOATING PEG" IS GOING TO START AT CIRCA 8.11 TO THE $. THE TRUE "FREE MARKET" RATE WOULD BE AS STEEP A CLIMB AS RUSSIA SAW - THAT IS THE EFFECTIVE COST TO AMERICANS OF TRADING WITH COMMUNIST SLAVERS.
To: CaptIsaacDavis
Please use original titles to prevent duplicate threads.
To: CaptIsaacDavis
Short WalMart. They will be hammered. And say goodbye to those 99-cent stores. Also say hello to inflation until we replace china with cheaper labor with places like Vietnam and Gabon.
3 posted on
07/21/2005 2:14:11 PM PDT by
montag813
To: CaptIsaacDavis
85% of WalMart's footwear is imported from China.
5 posted on
07/21/2005 2:15:57 PM PDT by
montag813
To: CaptIsaacDavis
GODDAM CHINESE HOGGING ALL THE LOWER-CASE LETTERS, ALSO!!!
6 posted on
07/21/2005 2:21:44 PM PDT by
headsonpikes
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