David Goldman, AKA Spengler, on The Kudlow Report this evening (slated for 7:20), Discussing China

Asia Times Blog ^ | 3/15/2010 | David Goldman

[JerseyHighlander]

I will be on The Kudlow Report this evening (slated for 7:20), Discussing China March 15th, 2010 By David Goldman

I’m slated to join the discussion at 7:20 on CNBC’s The Kudlow report on whether the US should try to force China to revalue the yuan. As Reuven Brenner and I wrote in December in First Things, the issue is NOT a minor adjustment in the relative price of US vs. Chinese goods, but the fact that the Chinese save more than half of their income. They should save less and spend more and buy American goods. Currency instability promotes precautionary savings.

[JerseyHighlander]

An old fellow traveler of FR will be on the TV in a short few minutes... thought I'd pass this along...

[JerseyHighlander]

Maybe for your ping list

[steveab]

China will do what will benefit China not the US. We are a debtors Nation and the Golden Rule still applies. He who has the gold makes the rule The next move will be the move away from the Dollar of choice to a new world currency. This is what the G 20 has been planning for a long time.

[Pride_of_the_Bluegrass]

Thanks for posting this. I use to post them but have been so darn busy the past few months I have really let it slide. His points on the economy are something to pay attention to.