PeakOil is You
The US's China Syndrome
First unread post • 4 posts
• Page 1 of 1
The US's China Syndrome
by deMolay » Fri 31 Jul 2009, 08:37:49
Big structural changes coming. http://www.minyanville.com/articles/EEM ... ex/a/23803
"We Are All Travellers, From The Sweet Grass To The Packing House, From Birth To Death, We Wander Between The Two Eternities". An Old Cowboy.
-
deMolay - Intermediate Crude
- Posts: 2671
- Joined: Sun 04 Sep 2005, 03:00:00
Re: The US's China Syndrome
by dorlomin » Fri 31 Jul 2009, 09:23:45
Good article, should pour some cold water over all the ' we welcome our new chinese leaders' type stuff from some people.
Here is a hint: the US's new concern over CO2 will be an effective means of implementing trade restrictions without calling it protectionism, if they chose.
Here is a hint: the US's new concern over CO2 will be an effective means of implementing trade restrictions without calling it protectionism, if they chose.
-
dorlomin - Light Sweet Crude
- Posts: 5193
- Joined: Sun 05 Aug 2007, 03:00:00
Re: The US's China Syndrome
by deMolay » Fri 31 Jul 2009, 11:01:26
Long overdue. Globalization has destroyed the western economies and made China and big Multi-Nationals very rich. It worked for awhile. But when you bankrupt your best customer, you kind of screw yourself.
"We Are All Travellers, From The Sweet Grass To The Packing House, From Birth To Death, We Wander Between The Two Eternities". An Old Cowboy.
-
deMolay - Intermediate Crude
- Posts: 2671
- Joined: Sun 04 Sep 2005, 03:00:00
Re: The US's China Syndrome
by dorlomin » Fri 31 Jul 2009, 11:19:15
$this->bbcode_second_pass_quote('deMolay', 'L')ong overdue. Globalization has destroyed the western economies and made China and big Multi-Nationals very rich. It worked for awhile. But when you bankrupt your best customer, you kind of screw yourself.
Double so if you loan them the money they pay you back to them to sterilize your currency too keep up your export competativeness. Being mercentilist works for a smaller economy like Japan that also has a large % of its population as a middle class that can drive domestic consumption (same for Germany) its a totaly different situation for China.
-
dorlomin - Light Sweet Crude
- Posts: 5193
- Joined: Sun 05 Aug 2007, 03:00:00
4 posts
• Page 1 of 1
Who is online
Users browsing this forum: No registered users and 0 guests