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Forum nameOkay Activist Archives
Topic subjectRE: I never commented on american product prices.
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=22&topic_id=26985&mesg_id=26995
26995, RE: I never commented on american product prices.
Posted by TarnishedSpoon, Mon Mar-21-05 11:19 PM
>I don't know where they stand to be honest.

Its simple enough... if it costs fewer dollars to make a product, and you get more dollars for every Euro, American made products are going to be cheaper than European products (people in France have actually started buying California sparkling wine {champaigne} because its that much cheaper. Its no way to plan for a long term economy, but right now its allowing liquid dollars to flow into the economy.

>China? Well, I dunno. They are getting agressive with
>acquisitions such as IBM, etc- and I don't know that they
>wouldn't do what is best for their considerable market.

China still needs America. It can't hold up the international economy. Its still 15 years away from that. If in 15 years we were having this discussion, then I would be acting like my ass is on fire, but not now, its not worth it. China, while the largest consumer of raw materials, isn't capable of the infrastructure to support the rest of the world like we are. They are holding on to our T-bills basically as an insurance policy if their economy gives out (which it could). If Chinas banking system crashes in the next 36 months (which is a possibility) and they start to sell off T-bills to prop up their economy, then I would act like my ass is on fire, but I think China is aware now of the very large scale problems any issues they have will result in, and are planning on a soft landing where they slowly start to write off the trillions of dollars in bad loans they have.


>Japan is in hand I think.

Yeah man, its a given.

>and no, I don't know much about finance, let alone
>international finance which is why this site is so dope cus
>folk like you can enlighten me :D

I do the little bits that I can. Keep up the good work on the moderating.

S.ean | Geezers need excitement. If their lives don't provide it they incite violence. Common sense. Simple common sense.