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2005-05-17 China-Japan-Koreas

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Posted by mmurray821 2005-05-17 16:03|| || Front Page|| [3 views since 2007-05-07] Top

#1 I want my cheap crap made in Vietnam or perhaps India.

Posted by Shipman 2005-05-17 16:45|| 2005-05-17 16:45|| Front Page Top

#2 Yeah... 60% are bad... but they're getting themselves in worse and worse trouble by buying up our relatively (to them) overvalued currency to keep the peg. Until they float it'll never get better.

Posted by Damn_Proud_American 2005-05-17 17:43|| 2005-05-17 17:43|| Front Page Top

#3 A good friend of mine used to work for a big China bank. Amoungst other things she told me was that credit risk was never a factor in making loans. What mattered was your connections. Without specific actions to deal with them, bad or questionable loans accumulate and become an increasing percentage of a bank's loan portfolio. When the recession comes, and it will, every China bank will be found to be insolvent.

Posted by phil_b 2005-05-17 18:49|| 2005-05-17 18:49|| Front Page Top

#4 that's the drift - economic voodoo unlike anything before. The crash should be entertaining if too many aren't hurt....

Posted by Frank G">Frank G 2005-05-17 20:28|| 2005-05-17 20:28|| Front Page Top

#5 This means more employment in Honduras, as the workers sew on new lables printed 'Made in Honduras' to the Chinese manufacture clothing.

Posted by Angang Thrineter4502 2005-05-17 21:01|| 2005-05-17 21:01|| Front Page Top

#6 Don't hold your breath on that US threat. Should China counter the threat with a retaliatory move of halting ALL imports from the US, what do you think would happen in Washington as a repercussion? And thats not addressing the export option! Let's face it...they can go back to bicycles and candles faster than we can recover from a whopping wallstreet drop!

Posted by smn 2005-05-17 21:47|| 2005-05-17 21:47|| Front Page Top

Posted by Anonymous6256 2005-05-17 22:36|| 2005-05-17 22:36|| Front Page Top

#8 Wot simple minded nincompoopery!

Posted by Allen Greenspan 2005-05-17 22:38|| 2005-05-17 22:38|| Front Page Top

#9 Trade tariffs on China will cause their economy, and oil usage to decline. Look for a drop in world oil demand, and price level, IF it happens. One other thing: On a currency basis (none of that PPP crap), the US economy is still at least 10 times China's GDP. What is 5% of our GDP is 50% of China's. Any trade unpleasantness will screw China over disproportionately 10 to 1.

Posted by Dave 2005-05-17 22:52|| 2005-05-17 22:52|| Front Page Top

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